U.S. Stock Futures Rise

U.S. stocks were poised for a higher open Thursday, with the Dow industrials on track to rebound from their largest one-day loss in nearly a month.

S&P 500 futures rose seven points, or 0.3%, to 2106. E-mini Dow futures gained 63 points, or 0.4%, to 17947, and e-mini Nasdaq-100 futures advanced 16 points, or 0.4%, to 4532. Changes in stock futures don't always accurately predict moves in the stock market after the opening bell.

In Europe, Germany's DAX added 0.2% and France's CAC-40 was up less than 0.1%. Investors continued to focus on developments in Greece's bailout talks. Eurozone finance ministers were checking documents laying out a possible financing deal for Greece on Thursday. Without a deal, Greece is set to default on a June 30 payment to the International Monetary Fund.

U.S. stocks slipped Wednesday amid worries over Greece's debt negotiations. The Dow fell 1% to 17966.07 and the S&P 500 lost 0.7% to 2108.58.

For the year, the Dow has added 0.8% and the S&P has gained 2.4%, through Wednesday's close. The Nasdaq Composite has surged 8.2% in the same period.

Several economic reports are scheduled for release Thursday morning. Consumer spending is expected to rise 0.7% in May, according to economists surveyed by The Wall Street Journal. Separately, jobless claims in the most recent week are expected to rise to 273,000 from 267,000 in the previous period. The Federal Reserve's preferred inflation gauge, the price index for personal consumption expenditures, is also due.

While economic reports have been mixed this year, the economy is on track for improvement in the longer run, said Kim Forrest, senior equity analyst at Fort Pitt Capital Group, which manages $1.8 billion. She said she's looking to buy more technology and industrial companies.

"The economy continues to get better and these areas should benefit as capex goes up," said Ms. Forrest. "Tech gets a boost when more people are hired. At the very least you have to add some infrastructure to support them," she added.

In commodity markets, gold futures were flat at $1172.86 an ounce. Crude-oil futures were down 0.4% to $60.05 a barrel.

The yield on the 10-year Treasury rose to 2.391% from 2.371% on Wednesday. Yields rise as prices fall.

In corporate news, rare-earths miner Molycorp Inc. shares fell 36% premarket after it filed for bankruptcy protection Thursday.

Write to Saumya Vaishampayan at [e-mail] and Austen Hufford at [e-mail]

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