NEW YORK (AP) — Confidence that Ireland will work out the details for a bailout and strong interest in General Motors initial public offering is lifting stock futures.
Markets have been roiled in recent days by fears that Ireland will be the next European country to face a possible default, following Greece’s near collapse in May. European Union and International Monetary Fund officials are meeting with Irish leaders Thursday.
General Motors initial public offering is also drawing a lot of interest back to stocks as the market tries to bounce back from a recent retreat. Shares are priced at $33 apiece.
Dow Jones industrial average futures are up 97, or 0.9 percent, at 11,092. S&P 500 futures are up 14, or 1.2 percent, at 1,191, while Nasdaq 100 futures are up 26, or 1.2 percent, at 2,123.
