* Private employers add more jobs than forecast-ADP
* Whirlpool falls after results, Time Warner gains
* Futures off: Dow 11 pts, S&P 2.9 pts, Nasdaq 4.75 pts (Updates prices, adds details on Egypt)
By Ryan Vlastelica
NEW YORK, Feb 2 (Reuters) - U.S. stock index futures pointed to a slightly lower on Wednesday as a strong reading on the labor market failed to convince investors to add to gains a day after the Dow and S&P advanced to their highest close in about 2-1/2 years.
U.S. private employers added 187,000 jobs in January, more than forecast, according to a report from ADP Employer Services.
"This suggests that the jobs momentum is going the rightway, and it makes me more optimistic for Friday's payroll report. But it isn't such a blow-out number to allow us to add to gains," said Michael Yoshikami, president and chief investment strategist at YCMNET Advisors in Walnut Creek, California.
Investors also kept an eye on the civil unrest in Egypt as clashes erupted between opponents and supporters of President Hosni Mubarak in central Cairo. Concerns that the situation could spread throughout the region have pressured equities in recent sessions.
S&P 500 futures dropped 2.9 points and were below 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 were off 11 points, and Nasdaq 100 futures fell 4.75 points.
Appliance maker Whirlpool Corp dropped 5.2 percent to $81.01 before the bell after its adjusted profit missed expectations.
Time Warner Inc rose 2.8 percent to $33.20 in premarket trading after its adjusted profit topped estimates on a 21 percent jump in advertising sales at its cable networks.
Mattel Inc rose 2.2 percent to $24.69 before the bell after its profit beat expectations on strong demand for its Barbie and American Girl dolls.
On Tuesday, the Dow and S&P 500 closed at their highest levels since June 2008 after strong earnings and signs of a surge in U.S. manufacturing. The Nasdaq surged almost 2 percent.