Before the bell: S&P futures +0.7%, Nasdaq futures +0.7%
U.S. stock futures rose as investors speculated that Europe is stepping up measures to support banks.
Equity futures pared gains after European Central Bank President Jean-Claude Trichet said the euro-area economy faces “intensified downside risks.”
Trichet said the ECB will offer banks additional longer- term liquidity and also restart its covered bond purchases. ECB officials meeting in Berlin left the benchmark interest rate at 1.5 percent, as predicted economists.
Apple Inc., the biggest technology company, lost 0.4 percent after founder Steve Jobs died.