63°
Baton Rouge, Louisiana
3 Day Outlook
Thu
87°
67°
10%
Fri
87°
56°
20%
Sat
75°
50°
40%

Latest Weather Blog

Follow our weather team on social media

US stock futures rise on hopes of Europe debt plan

3 years ago Monday, September 26, 2011 6:42:34 AM CDT September 26, 2011 Monday, September 26 2011 Sep 26, 2011 in News
Source: Associated Press

NEW YORK- U.S. stock futures are rising on hopes that European leaders will come up with a new strategy to resolve the region's debt crisis.

Finance officials met in Washington this past weekend and pledged to take bolder steps to fight the problems. German leaders, for example, want banks and private institutions that hold Greek
bonds to take a bigger loss on those holdings to slash Athens' debt.

Investors have been on edge about Europe's debt problems for months. Last week, the Dow Jones industrial average fell by 6.4 percent, its biggest drop since October 2008.

Ahead of the opening Monday, Dow futures are up 134 points, or 1.3 percent, at 10,833. S&P 500 futures are up 17, or 1.5 percent, at 1,147. Nasdaq 100 futures are up 23, or 1.1 percent, at 2,225.

 

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
5 Days
Radar
Today
Mostly Cloudy
85°
66°
Thu
Partly Cloudy
87°
67°
Fri
Mostly Sunny
87°
56°
Sat
AM Showers
75°
50°
Sun
Mostly Sunny
78°
64°