BLBG:U.S. Stock Futures Pare Slide On Aid Call For Euro Banks
U.S. stock-index futures pared their drop as the European Commission called for direct aid to euro- area banks and recommended common bonds to help manage the region’s sovereign-debt crisis.
Futures on the Standard & Poor’s 500 Index (SPX) expiring in June retreated 0.7 percent to 1,324.5 at 7:10 a.m. in New York, paring an earlier slide of as much as 1.1 percent. The gauge last week gained 1.7 percent as the cheapest valuations since November lured investors. Dow Jones Industrial Average futures slipped 87 points, or 0.7 percent, to 12,496 today.
To contact the reporter on this story: Peter Levring in Copenhagen at plevring1@bloomberg.net
To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net
