NEW YORK (AP) — Wall Street is poised for further gains amid ongoing evidence of a strong start to the U.S. holiday shopping season and hopes for a plan to deal with the European debt crisis.
Dow futures are up 0.5 percent at 11,555. The broader Standard & Poor’s 500 futures is up 0.6 percent at 1,198.
Markets overseas were boosted again on Tuesday by hopes that the 17 countries that use the euro will finally come up with a plan to deal with their crushing debt crisis.
Italy’s borrowing rates shot up Tuesday to above 7 percent, an unsustainable level on a par with rates that forced the others to seek bailouts.