Stock index futures are pointing to a higher opening on hopes that Greece will get new aid for its debt problems, The Associated Press reports.
Worries about Europe’s debt crisis have helped drag down stocks in recent weeks. The Dow Jones industrial average has dropped four straight weeks, its longest losing streak since February 2010. Weak U.S. economic data have also raised concerns that the recovery is under threat.
Several reports are due later Tuesday, and more mixed data is likely. Economists expect to see that home prices continue to be weak, but consumer confidence improved in May.
Ahead of the opening bell, Dow Jones industrial average futures are up 102 points at 12,530. S&P 500 futures are up 11.60 points at 1,341.50. Nasdaq 100 futures are up 23 at 2,355.50.
