US futures rise ahead of European rates decision



NEW YORK (AP) — U.S. stock futures are rising sharply ahead of a meeting of the European Central Bank that could provide solutions to Europe’s debt crisis.

Investors expect that officials at the European Central Bank will announce plans to provide support to the region’s struggling banks.

In the U.S., investors will be looking toward a report on first-time applications for unemployment benefits last week.

Shares of Apple Inc. fell 1 percent in premarket trading. The company says co-founder and former CEO Steve Jobs died Wednesday.

Two hours before the opening bell, Dow futures rose 115 points, or 1.1 percent, to 10,953. S&P 500 futures rose 12, or 1 percent, to 1,147. Nasdaq 100 futures gained 16, or 0.7 percent, to 2,183.