US STOCKS-Futures rise after Greece deal; consumer data eyed

* EU leaders agree on safety net for Greece

* Consumer sentiment, GDP data on tap

* Futures up: S&P 3 pts, Dow 26 pts, Nasdaq 6.25 pts

* For up-to-the-minute market news, click [STXNEWS/US]
(Writes through, adds byline, details, quote)

By Leah Schnurr

NEW YORK, March 26 (BestGrowthStock) – U.S. stock index futures
rose on Friday after euro zone leaders agreed to create a
safety net to help debt-burdened Greece, while investors
awaited data on consumer sentiment.

Euro zone leaders late Thursday unveiled a deal in which
Athens would receive coordinated bilateral loans from other
countries that use the euro and the International Monetary Fund
if it faced severe difficulties. For details, see

“In early trade we’re going to focus on some resolution of
the Greek sovereign debt issues,” said Arthur Hogan, chief
market analyst at Jefferies & Co in Boston.

“There’s a sense that there’s an explicit structure now,
such that if we go from Greece to Portugal then we know how to
deal with this on a country by country basis.”

S&P 500 futures (SPc1: ) rose 3 points and were above fair
value, a formula that evaluates pricing by taking into account
interest rates, dividends and time to expiration on the
contract. Dow Jones industrial average futures (DJc1: ) gained 26
points, and Nasdaq 100 futures (NDc1: ) added 6.25 points.

Worries about hefty debt loads of some euro zone countries
have nagged equities lately. The deal put pressure on the U.S.
dollar (.DXY: ) on Friday, and lifted commodity prices, which
could boost resource shares. Crude oil futures (CLc1: ) gained
nearly 1 percent to $81.25 a barrel.

The final March reading of the Reuters/University of
Michigan Surveys of Consumers will be released at 9:55 a.m. EDT
(1355 GMT). Economists expect a reading of 73, compared with
73.6 the month before, according to Reuters data.

Also on the economic front, fourth-quarter gross domestic
product growth will be released at 8:30 a.m. EDT (1230 GMT),
though analysts expect a muted market response since it is the
third and final reading for the quarter. Economists surveyed by
Reuters forecast a 5.9 percent annualized rate of growth, in
line with the preliminary estimate. [ECI/US]

Oracle Corp (ORCL.O: ) shares slipped 0.7 percent to $25.86
in premarket trading after the company issued its strongest
sales forecast in more than a year. But with the stock already
hovering at a nine-year high, investors questioned whether
there was much more upside. [ID:nN24243541]

The White House plans to announce on Friday it will require
lenders to lower mortgage payments for some unemployed workers
and encourage lenders to eliminate some principal debt of
homeowners who owe more than their home is worth, sources said
Thursday. [ID:nN25222809]

Stocks ended flat Thursday after being up most of the
session as a weak U.S. bond auction and global debt concerns
weighed on investor sentiment. [ID:nN2598630]

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(Editing by Jeffrey Benkoe)

US STOCKS-Futures rise after Greece deal; consumer data eyed