Major stock indexes erased early declines to close higher for a fourth consecutive session Wednesday, shaking off a U.S. government shutdown and a surprising decrease in private-sector jobs.

U.S. stock futures were lower Wednesday morning after ADP said private payrolls unexpectedly declined in September by 32,000 and employment fell for the third time in four months. The Dow Jones Industrial Average futures were falling 150 points,

By Niket Nishant and Sukriti Gupta (Reuters) -Wall Street futures slid on Wednesday after the deep partisan rift in Washington led to a federal government shutdown that risks delaying crucial economic data and could potentially muddy the Federal Reserve's policy-easing outlook.

Betting odds for a government shutdown rose sharply after a White House meeting with the two parties’ Congressional leaders failed to yield a deal.

The S&P 500 futures are down 0.40% or 27 points at 6,712.00, Nasdaq futures are down 104.50 points, or 0.42%, trading at 24,797.50, followed by Dow Futures, down 0.34%, or 157 points at 46,532.00.

U.S. stock futures advanced, touching their highest levels of Friday's session, after the latest reading on the Federal Reserve's preferred inflation gauge showed only a modest increase in prices. The headline PCE Price Index was 0.