Futures up on Spanish bailout hopes

Published October 02, 2012

| Reuters

U.S. stock index futures rose in low volume on Tuesday on expectations the Spanish government will soon request a bailout, a step some see as necessary to alleviate the euro zone's debt crisis.

* Spanish 10-year bond yields were at session lows below 5.77 percent and the domestic equity market benchmark <.IBEX> gained 1.4 percent. <.EU>

* In the first action to come out of a working group created by U.S. President Barack Obama earlier this year to go after wrongdoing that led to the financial crisis, the New York Attorney General filed a civil fraud lawsuit against JPMorgan Chase & Co on Monday over mortgage-backed securities packaged and sold by Bear Stearns.

* The Dow Jones industrial average <.DJI> rose 77.98 points, or 0.58 percent, to 13,515.11. The S&P 500 <.SPX> advanced 3.82 points, or 0.27 percent, to1,444.49. The Nasdaq Composite <.IXIC> dipped 2.70 points, or 0.09 percent, to close at 3,113.53.

(Reporting by Rodrigo Campos; Editing by Chizu Nomiyama)

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