Stock futures up on Greek deal to OK cuts

Published February 9, 2012 by
Business - Wall Street

NEW YORK (AP) ? U.S. stock futures are edging higher after Greek leaders say they have agreed on a deal on new cuts demanded by creditors to secure a vital ?130 billion bailout.

Dow Jones industrial futures are up 12 points at 12,856. The broader S&P 500 futures are up 2 points at 1,349. Nasdaq composite futures are up 4 points to 2,549.

Futures were also helped by a weekly report that showed the number of people seeking unemployment aid neared a four-year low last week.

The Labor Department said Thursday that weekly applications for unemployment benefits fell 15,000 to a seasonally adjusted 358,000. That’s the second-lowest level since April 2008.

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