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US Stock Futures Higher On Optimism Ahead Of EU Summit

By Nick Godt U.S. stock futures pointed to a higher open Wednesday, lifted by hopes that a much-awaited summit of European leaders will present a convincing plan to handle the euro zone's debt crisis. Futures on the Dow Jones Industrial Average rose 57 points to 11,719 and those on the Standard & Poor's 500 stock index advanced 6.4 points to 1,231. Nasdaq 100 futures gained 11 points to 2,332.70. Stocks fell sharply on Tuesday, with the DJIA falling 1.7% and the S&P 500 losing 2%. U.S. data and earnings disappointed investors while markets remained shaky given uncertainty over the European Union's plans. German Chancellor Angela Merkel spoke to parliament in Berlin Wednesday ahead of a vote on boosting the firepower of the 440 billion euro ($612 billion) euro-zone rescue fund known as the European Financial Stability Facility. The German parliament is expected to back Merkel in the vote and give her a mandate to negotiate a package of measures to tackle the debt crisis at a summit of euro-zone leaders in Brussels later Wednesday. At the summit, leaders are expected to announce details on recapitalizing European banks, addressing Greece's debt burden and boosting the EFSF's firepower. "There really isn't an expectation for a 'solution' versus a 'plan'," said Marc Pado, strategist at Cantor Fitzgerald, in a note. "A plan will provide the framework going forward." In U.S. economic news, data on September durable-goods orders are out at 8:30 a.m. EDT. New-home-sales data for September are due at 10 a.m. EDT. Investors have grown hopeful for the housing market in recent days after a number of Federal Reserve officials said the central bank could do more to support it. Highlights in U.S. earnings include results from Boeing Co. (BA), Ford Motor Co. (F) and Sprint Nextel Corp. (S). Amazon.com Inc. (AMZN) shares fell 11% in preopen trading after the online retailer posted results that fell short of market estimates Tuesday after the close. U.S.-listed shares of Nokia Corp. (NOK) climbed 2.1% in preopen trade after the firm unveiled inaugural devices that will run on Microsoft Corp.'s (MSFT) Windows Phone operating system. -By Nick Godt; 415-439-6400; AskNewswires@dowjones.com

Stock News for Total Systems (TSS)
DateTimeHeadline
05/27/201514:14:11Statement of Changes in Beneficial Ownership (4)
05/26/201513:00:00TSYS® and PAX Technology, Inc. Launch Semi-Integrated EMV® S...
05/20/201512:15:10What Is the S&P 500 Index?
05/20/201510:52:26Statement of Changes in Beneficial Ownership (4)
05/18/201511:04:35Statement of Changes in Beneficial Ownership (4)
05/18/201509:58:38Statement of Changes in Beneficial Ownership (4)
05/18/201509:51:59Statement of Changes in Beneficial Ownership (4)
05/18/201509:00:00TSYS Recognized for Outstanding Service Quality
05/12/201517:26:51Statement of Changes in Beneficial Ownership (4)
05/12/201517:22:46Statement of Changes in Beneficial Ownership (4)
05/12/201517:20:11Statement of Changes in Beneficial Ownership (4)
05/12/201517:17:37Statement of Changes in Beneficial Ownership (4)
05/12/201517:08:16Statement of Changes in Beneficial Ownership (4)
05/12/201515:29:13Statement of Changes in Beneficial Ownership (4)
05/12/201515:24:38Statement of Changes in Beneficial Ownership (4)
05/12/201515:12:21Statement of Changes in Beneficial Ownership (4)
05/07/201514:22:09Quarterly Report (10-q)
05/04/201513:02:03Total System Services's "Hold" Rating Reiterated at Evercore...
04/30/201516:30:00TSYS to Host 2015 Analyst Day in New York
04/30/201511:44:35Total System Services Stock Rating Reaffirmed by TheStreet (TSS)

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