Lifeline for Spain Sends US Futures Higher

By: Associated Press Email

Posted: Mon 7:54 AM, Jun 11, 2012

U.S. stock futures are following markets higher across the globe after the European Union said it would lend Spain as much as $125 billion to save its banks.

Dow Jones industrial average futures are up as are S&P 500 and Nasdaq futures.

Spain is the flashpoint of the debt crisis in Europe and it's viewed as potential source of economic contagion should its banks fail. World stock markets have been sharply higher today.

But the attention of the markets here and abroad will soon return to troubled Greece, however, where an election this weekend could determine if the country will bolt the EU.

Later on Monday, Apple Inc. kicks off its worldwide developers conference in San Francisco.

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Lifeline for Spain Sends US Futures Higher

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