Portugal had a relatively successful bond auction Wednesday, and that eased concerns that the country will soon need a financial bailout. European stocks rose broadly.
U.S. investors will get a report on the domestic economy later in the day when the Federal Reserve releases an update on economic conditions in 12 regions of the country. Analysts expect it to show signs of a recovery.
Ahead of the opening bell, Dow Jones industrial average futures are up 56 points, or 0.5 percent, at 11,672. Standard & Poor's 500 futures are up 7, or 0.6 percent, at 1,278. Nasdaq 100 index futures are up 12, or 0.5 percent, at 2,298. Bond prices are falling, pushing their yields higher