Stock futures soar on EU summit results
FRANKFURT (MarketWatch) — Wall street was poised for a sharply higher start Friday, with U.S. stock-index futures joining a global rally after European leaders announced a range of measures aimed at bringing down the soaring borrowing costs faced by Spain and Italy.
After a marathon meeting behind closed doors in Brussels, European Union leaders agreed to allow euro-zone rescue funds to buy bonds from troubled countries in an effort to pull down yields. Leaders also agreed to a widely anticipated 120 billion euro ($151.1 billion) growth package.
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