U.S. stock index futures pointed to a sharply higher open on Friday as markets cheered the latest developments in the Greek saga, after the government finally submitted a bailout proposal to creditors on Thursday.
Dow futures rallied around 130 points in pre-market trading, after Greek Prime minister Alexis Tsipras delivered a reform plan, which international creditors will review by Sunday—the "final" deadline for a deal being struck. No deal by then would increase the chances of Greece leaving the euro zone in a so-called Grexit.
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