U.S. stock index futures were slightly higher Wednesday, with investors positioning for a favorable resolution to the Greek sovereign debt crisis.
European stocks rose, breaking a two-day losing streak, helped by a handful of upbeat corporate outlooks and as investors bet that Greece will finally secure the bailout it needs to avoid a chaotic default.
Greek parties will try yet again to strike a reform dealin return for a new international rescue package to avoid a chaotic default, after a string of delays which have prompted some EU leaders to warn that the euro zone can live without Athens.
McDonald's edged higher after the fast-food giant posted January sales that beat expectationsat established restaurants across the globe, with robust U.S. performance helping to offset the impact of weakness in Europe.
Among earnings, Sprint Nextel posted a wider lossas costs from the Apple iPhone weighed down the No. 3 U.S. mobile operator. Still, shares of the wireless service provider still traded higher.