Futures rose Friday as concerns over the euro zone eased amid expectations that long-standing issues in Greece and Italy could finally be tackled.
The Italian Senate passed a new budget lawthat would allow for final approval of the package in the lower house over the weekend and the formation of an emergency government.
The move could pave the way for Prime Minister Silvio Berlusconi’s resignation and the appointment of Mario Monti as his replacement.
Meanwhile, Greece’s new Prime Minister Lucas Papademos will be naming a new crisis cabinet. However, Papdemos faces an uphill battle, with opposition growing to more belt-tightening in the debt-ridden nation.
On the earnings front, Walt Disney rose after the media conglomerate posted sales that beat expectations as advertising rose at the company's cable networks and theme park revenue increased.