Banks, Index Futures Rise on ECB Bond-Buying

[Stocks-to-Watch]

A day after the S&P 500 dropped 1.7% on more concerns in the Euro zone, stocks were poised to tick back up on Friday. The European Central Bank is playing the role of savior, buying up the bonds of troubled European countries. At least for the moment, that’s keeping the bears at bay.

Dow futures rose 67 points to 11,806; S&P 500 futures rose 7.9 points to 1,222.7.

Big banks were rising early, with Bank of America (BAC) trading 1.5% higher.

Heinz (HNZ) fell 2.4% in pre-market trading after posting earnings. Salesforce.com (CRM) fell 4.7% after reporting worse than expected billings late Thursday.



Original Article Source by Barrons.com