NEW YORK (AP) — U.S. markets are poised to gain after Greece’s parliament approved new austerity measures that are part of a package aimed at saving the country from bankruptcy.
Despite riots in Athens during the vote, the Greek government approved sharp cuts in civil service jobs, minimum wages and welfare. The cuts were required by international lenders in exchange for a $170 billion bailout package expected to be approved by Eurozone finance ministers Wednesday.
The vote boosted global markets, and sent U.S. futures higher. Dow Jones industrial futures gained 85 points to 12,852, while S&P 500 futures added 9.7 points to 1,350.30. The Nasdaq composite is up 18 points to 2,567.
A gain would reverse a sharp drop Friday. Stocks had their worst day of the year amid uncertainty over the Greek deal.