US STOCKS-Futures up with Greece, jobs data in focus

* European summit tackles Greece’s debt crisis

* Weekly initial jobless claims on tap

* Futures up: S&P 2.9 pts, Dow 30 pts, Nasdaq 5 pts

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

NEW YORK, Feb 11 (BestGrowthStock) – U.S. stock index futures rose
on Thursday with the spotlight on a European summit that could
set the blueprint for aid to debt-laden Greece, 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, but any aid will require deep
fiscal and economic adjustments by Greece. For details, see
[ID:nLDE61A0W2]

* Several key euro zone officials have reached a deal to
help Greece in its debt crisis, European Union President Herman
Van Rompuy said. [ID:nBRU010643]

* On the U.S. economic front, the Labor Department releases
first-time claims for jobless benefits for last week at 8:30
a.m. EST (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 2.9 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 points.

* Stocks dipped on Wednesday as worries over Federal
Reserve Chairman Ben Bernanke’s comments on a strategy once the
economy recovers offset optimism about a possible rescue for
Greece.

* 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]

Investment Research

(Reporting by Leah Schnurr, editing by Jeffrey Benkoe)

US STOCKS-Futures up with Greece, jobs data in focus