Before the bell: S&P futures +0.9%, Nasdaq futures +1.2%
U.S. stock futures rose on investors’ optimism Europe will contain its debt crisis.
European Economic and Monetary Affairs Commissioner Olli Rehn said the region is moving toward a consensus on resolving the “calamity” of the debt crisis. Slovakia, the only country that hasn’t ratified a revised bailout fund, was poised for a second vote after failing to approve the package yesterday.
- Chevron expects Q3 results to beat analyst forecasts and come in at the same level as Q2, when it reported EPS of $3.85;
- Alcoa got the Q3 earnings season off to a poor start after reporting that EPS more than doubled to $0.15 but came in way below reduced expectations of $0.22.