Stock futures rise on Greek debt hopes

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NEW YORK (AP) ? Markets clawed back lost ground Tuesday on hopes that Greece is heading toward a conclusion of debt-reduction talks with private creditors and that it may soon secure its second bailout package.

Dow Jones industrial futures are up 55 points to 12,655. The broader S&P 500 futures are up 6 points to 1,315. The Nasdaq composite picked up 10 points to 2,472.

Late Monday, after a large majority of countries in the European Union agreed to sign a new treaty designed to stop overspending in the eurozone, Greece’s prime minister indicated that progress was being made in his country’s debt negotiations.

The U.S. futures followed gains in European and Asian markets.

Oil prices tracked stocks higher. Benchmark oil for March delivery was up 98 cents to $99.76 per barrel.