Stock futures tick higher on Spanish bailout hopes
NEW YORK (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 near session lows below 5. 77 percent and the domestic equity market benchmark gained 1. 3 percent. "I think the market feels that we are closer to some type of action and resolution in terms of the Spanish problem," said Paul Mendelsohn, chief investment strategist at Windham Financial Services in Charlotte, Vermont. . . .
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