US STOCKS-Futures rise on Greece deal as jobs data in focus

* Officials make deal to aid debt-laden Greece-EU Pres

* Weekly initial jobless claims on tap

* Futures up: S&P 4.8 pts, Dow 30 pts, Nasdaq 5.25 pts

* For up-to-the-minute market news, click [STXNEWS/US]

(Writes through, adds details, quote, byline)

By Leah Schnurr

NEW YORK, Feb 11 (BestGrowthStock) – U.S. stock index futures rose
on Thursday as key euro zone officials struck a deal to help
Greece with its debt crisis, while investors awaited data on
the health of the labor market.

Concern over the debt crisis in Greece has dampened
confidence, and equity markets have been sensitive to
statements and reports of potential aid. European Union leaders
were meeting to lay the foundations for a financial bailout of
Greece at a summit in Brussels, in what would be the first
rescue of a euro zone member since the currency was created 11
years ago. For details, see [ID:nLDE61A0W2]

Several key euro zone officials reached a deal to help
Greece in its debt crisis, European Union President Herman Van
Rompuy said.

“It will be a template for any of the other European
countries with sovereign debt issues,” said Jamie Cox, managing
partner of Harris Financial Group in Colonial Heights,
Virginia.

“There will be some type of rescue package. Europe is not
going to let any of its EU member nations default because that
would be ruinous for the currency.”

U.S. economic data on Thursday includes a Labor Department
report on first-time claims for jobless benefits for last week,
due at 8:30 a.m. (1330 GMT). Economists in a Reuters survey
forecast a total of 465,000 new filings, compared with 480,000
in the prior week.

S&P 500 futures (SPc1: ) rose 4.8 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: ) were up
30 points, and Nasdaq 100 futures (NDc1: ) gained 5.25 points.

Stocks dipped on Wednesday as worries over Federal Reserve
Chairman Ben Bernanke’s comments on U.S. monetary policy once
the economy recovers offset optimism from a potential
resolution of Greece’s debt woes.

Highlighting the weakness of the labor market, U.S.
President Barack Obama warned the country’s recovery would not
be complete until more people find work and the United States
borrows less money. [ID:nN10193235]

American International Group (AIG.N: ) has lined up major
investment banks to underwrite the public listing of its Asian
life insurance unit, banking sources said. [ID:nTOE61A03I]

Ohio utility FirstEnergy Corp (FE.N: ) will buy Pennsylvania
utility Allegheny Energy Inc (AYE.N: ) in an all-stock deal worth
$4.7 billion, the companies said. Allegheny was up 16.6 percent
at $24.50 in light premarket action. [ID:nN11228645]

Marriott International Inc (MAR.N: ) reported quarterly
results that beat expectations on better-than-expected revenue
and improved demand from corporate clients.

Investing Advice

(Editing by Padraic Cassidy)

US STOCKS-Futures rise on Greece deal as jobs data in focus