NEW YORK (AP) ? Stock indexes are pushing higher one day after the Dow Jones industrial average sank by nearly 400 points.
Wednesday’s losses were the worst for the stock market since the volatile trading in August. Traders are concerned that a debt crisis in Italy and Greece will lead to a painful global recession.
Those worries eased slightly Thursday after Italy sold $6.8 billion worth of debt at borrowing rates that were more favorable than analysts expected.
In the U.S., investors will receive a report on the number of initial applications for unemployment benefits last week.
Two hours before the opening bell, Dow futures were up 98 points, or 0.8 percent, to 11,830. S&P 500 futures rose 14, or 1.1 percent, to 1,239. Nasdaq 100 futures gained 23, or 1 percent, to 2,340.