NEW YORK (AP) — U.S. stocks look to open higher as European markets rebound from an early slide and the euro strengthens.
The initial drop overseas Tuesday came a day after credit rating agency Moody’s cut its rating on Greece’s debt to “junk” status.
Traders in the U.S. initially had little reaction to the report Monday but a broad gain in stocks faded by the close. Major stock indexes ended mixed.
The euro is higher against the dollar, a sign of confidence that European Union countries will be able to cut debt without spoiling a recovery.
Dow Jones industrial average futures are up 62 at 10,263. Standard & Poor’s 500 index futures are up 7.40 at 1,093.60, while Nasdaq 100 index futures are up 14.50 at 1,861.00.
