U.S. stock futures edge higher ahead of Italian vote
In this July 15, 2011 file photo, Italian Premier Silvio Berlusconi votes over a crucial austerity package at the lower house of parliament, in Rome. Credit: AP
U.S. stock futures are edging higher ahead of a key confidence vote in Italy.
Italian bond yields spiked this week, a sign that Europe's debt crisis is far from over. Unlike Greece, Portugal or Ireland -- all of which received financial lifelines -- Italy has too much debt to be rescued by its European neighbors.
Italian Premier Silvio Berlusconi's main coalition ally urged him to step aside Tuesday ahead of a vote that could force his resignation. Many investors believe a new government would enact additional austerity measures.
Dow futures were up 65 points, or 0.5 percent, to 12,073 two hours before the market opened. S&P 500 futures rose 7, or 0.6 percent, to 1,264. Nasdaq 100 futures gained 19, or 0.8 percent, to 2,388.
Hochul, Blakeman poll, home heating oil prices rise, and deer population explodes. Here's a look at some of the exclusive stories you may have missed this week on NewsdayTV.
Hochul, Blakeman poll, home heating oil prices rise, and deer population explodes. Here's a look at some of the exclusive stories you may have missed this week on NewsdayTV.
