Goldman Sachs, the fifth-biggest U.S. bank by assets, added 2.3 percent as the company cut costs in response to falling revenue. Yahoo! Inc. (YHOO) rallied 3.4 percent as Jerry Yang’s exit may remove a barrier to find a buyer or negotiate a sale of stakes in Asian assets worth more than $10 billion.
S&P 500 futures expiring in March added 0.3 percent to 1,293.30 as of 7:54 a.m. New York time. Dow Jones Industrial Average futures gained 31 points, or 0.3 percent, to 12,451.
Global stocks rose today and the euro strengthened as the International Monetary Fund is proposing to raise its lending capacity by $500 billion, according to a person familiar with the talks. Greece is close to a deal with private creditors that would give them cash and securities with a market value of about 32 cents per euro of government debt, according to Bruce Richards, who is on the creditors’ committee and chief executive officer for Marathon Asset Management LP.