U.S. Stock Futures Gain on Ukraine Accord as S&P 500 Nears Peak

U.S. stock-index futures advanced, indicating the Standard & Poor’s 500 Index will inch closer to its record, after all-night talks sealed a cease-fire for Ukraine.

Contracts on the S&P 500 expiring in March added 0.5 percent to 2,076.7 at 6 a.m. in New York. Dow Jones Industrial Average futures gained 95 points, or 0.5 percent, to 17,926.

A peace summit between Ukrainian President Petro Poroshenko, Russian President Vladimir Putin and French and German leaders ended early Thursday with an accord on a cease-fire to stem the conflict that’s devastated eastern Ukraine. The news sent Russian and European equities higher.

The S&P 500 is about 22 points away from a record reached Dec. 29, with equities fluctuating between gains and losses before closing little changed yesterday after a decision on new bailout terms for Greece was postponed to next week. Optimism that Greece is moving toward an agreement with its creditors underpinned today’s rally in Europe.

Source: Bloomberg