Stock futures rise on hopes of Europe debt deal
Monday, September 26, 2011
NEW YORK (AP) -- Stock futures are rising on hopes that European policymakers will come up with a new plan to contain the region's debt crisis.
Chancellor Angela Merkel said Tuesday that Germany would do whatever it could to help Greece regain investors' confidence. Greece's finance minister also said the country will receive the next round of bailout loans in time to avoid a devastating default.
Greece is at risk of running out of money by mid-October without the funds. More still needs to be done to address the debt problems.
About 90 minutes before the opening, Dow Jones industrial futures are up 173 points, or 1.6 percent, at 11,146. Standard & Poor's 500 futures are up 19, or 1.6 percent, at 1,177. Nasdaq 100 futures are up 34.50, or 1.6 percent, at 2,261.
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