Stock index futures are pointing to a higher opening for the U.S. equity market in trading today amid hopes that a Greek debt deal would be reached.
Ahead of the opening bell, the Dow Jones Industrial Average futures are trading 20 points higher at 12,674, the S&P 500 futures are trading 1.7 points higher at 1,312, and the Nasdaq 100 futures are trading 4 points higher at 2,438.
Stocks had finished on a mixed note in the previous trading session on Friday following some weak earnings reports. However, the focus has once again shifted back to the euro zone.
Finance ministers of the euro zone counties are expected to meet in Brussels today to discuss the terms of a second bailout package for Greece. Meanwhile, discussions between Greece and private creditors are continuing. Private creditors are likely to take a haircut of 50% on their Greek bond holdings, which will reduce the debt-laden country’s debt burden by 100 billion euros.
European markets are mostly higher in mid-day trading today. At last check, the FTSE 100 Index in London was trading 0.8% higher, while the DAX Index in Germany was trading 0.7% higher.
Research In Motion (NASDAQ: RIMM) shares are expected to remain in focus in trading today after the BlackBerry maker said that its co-CEOs, Jim Balsillie and Mike Lazaridis, have stepped down and been replaced by COO Thorsten Heins. Research In Motion shares are down 3.24% in pre-market trading today.
Halliburton Co. (NYSE: HAL) shares are also expected to remain in focus in trading today after the company announced its fourth-quarter financial results. The company reported better than expected fourth-quarter earnings.
Apache Corporation (NYSE: APA) shares are also expected to remain in focus in trading today after the company agreed to acquire Cordillera Energy Partners III.
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
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