U.S. Stock Futures Leap On Greek-deal Optimism

By Carla MozeeMarketWatch Pulse

U.S. stock futures jumped Friday ahead of Wall Street's open, on higher hopes that debt-troubled Greece and its creditors will reach a economic-reform deal. Futures for the Dow Jones Industrial Average surged 174 points, or 1%, to 17,627, and those of the S&P 500 climbed 23.55 points, or 1.1%, to 2,064.50. Nasdaq futures gained 46.75 points, or 1.1%, to 4,386.25. European equities were also rallying after Greece late Thursday submitted a new reform package that, if approved, could unlock much-needed bailout funds. The new proposal appears to have moved closer to the measures demanded by the country's creditors, but it could face opposition in Greece.

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