* Best Buy founder, private equity firms, examine books
* Motorola Mobility drops patent complaint against Apple
* Futures: Dow up 2 pts, S&P flat, Nasdaq up 3.75 pts
By Rodrigo Campos
NEW YORK, Oct 3 U.S. stock index futures were
little changed Wednesday as expectations that Spain will request
a bailout offset concern over a slowing Chinese economy, with
modest volume indicating a pause ahead of the release of key
Automatic Data Processing releases its September employment
report at 8:15 a.m. ET (1215 GMT). Economists in a Reuters
survey expect 143,000 jobs were created in September, against
201,000 new jobs in August.
The Institute for Supply Management releases its September
gauge on the services sector at 10:00 a.m. ET (1400 GMT). A
Reuters survey forecast a reading of 53.2 versus 53.7 in August.
China's services sector weakened in September to its lowest
since November 2010, as slow growth in manufacturing was seen
feeding through to the rest of the economy.
European equities fell slightly and the euro steadied
against the U.S. dollar, underpinned by a belief that Spain will
eventually request financial aid, a step towards resolving the
euro zone's debt crisis.
"Data has surprised on the downside so expectations are
low," said Jack de Gan, chief investment officer at Harbor
Advisory Corp in Portsmouth, New Hampshire.
"If we get the (143,000 expected on ADP) or better you could
get a positive response in the market," he said, adding that he
expects positive news from China and Spain.
S&P 500 futures were unchanged and slightly above
fair value, a formula that evaluates pricing by taking into
account interest rates, dividends and time to expiration on the
contract. Dow Jones industrial average futures rose 2
points, and Nasdaq 100 futures added 3.75 points.
Best Buy shares gained 2.8 percent in premarket
trading as founder Richard Schulze and at least four private
equity firms started examining the books of the world's largest
consumer electronics chain, in early steps toward what could
become an $11 billion buyout.
Google subsidiary Motorola Mobility has dropped a
complaint of patent infringement against Apple without