U.S. stock index futures rebounded Thursday amid growing hopes for stimulus from the Federal Reserve on the heels of several weak economic reports, but ongoing uncertainties in the euro zone kept a lid on gains.
Futures briefly dipped following news that weekly jobless claims
Meanwhile, consumer prices dipped 0.3 percent in May, falling the most in over three years, according to the Labor Department. And the current account deficit widened more than expected to $137.3 billion in the first quarter, the largest gap since the end of 2008. Economists had expected the gap to widen to $132.3 billion, according to a Reuters poll.
Moody's, which said it could lower Spain's rating further, also cited the Spanish government's "very limited'' access to international debt markets and the weakness of the country's economy. Moody’s also put Spain on review for a potential further downgrade which could occur within the next three months.
The downgrade put
Most traders and investors have been hesitant to make big commitments ahead of Greece's elections on Sunday, which could lead to the debt-ridden nation's exit from the euro zone.