U.S. Stock Futures Rise as Bernanke Says Fed May Extend Loans By Eric Martin
July 8 (Bloomberg) -- U.S. stock-index futures gained, erasing an earlier tumble, as oil prices fell for a second day and Federal Reserve Chairman Ben S. Bernanke said the central bank may extend securities dealers' access to direct loans into 2009. Futures on the S&P 500 expiring in September rose 0.2, or less than 0.1 percent, to 1,252 at 8:35 a.m. in New York after earlier retreating as much as 1.2 percent. Dow Jones Industrial Average futures added 2 to 11,207, while Nasdaq-100 Index futures climbed 1.75 to 1,834. Futures dropped earlier on concern losses at financial companies will increase.
