U.S. Index Futures Little Changed Before Greece Creditor Meeting

U.S. stock-index futures were little changed, after equities reached their highest level this year, as investors await the outcome of a meeting between Greece and its creditors.

Contracts on the Standard & Poor’s 500 Index expiring in March slipped 0.1 percent to 2,060.7 at 10:58 a.m. in London. Dow Jones Industrial Average futures lost 21 points, or 0.1 percent, to 17,772.

Mounting optimism about Greece’s debt negotiations combined with gains in Coca-Cola Co. and General Motors Co. spurred a rally in stocks yesterday. The S&P 500 closed at the highest level since Dec. 30 and 1.1 percent away from its all-time high.

Euro-zone finance ministers will hold an emergency meeting today at 5:30 p.m. in Brussels. Germany is maintaining Greece must comply with its bailout terms, while Greece is trying to drum up support for a 10 billion-euro ($ 11.3 billion) bridge plan to stave off a funding crunch and buy time to win an easing in austerity terms. Any deal would require a softening of Germany’s stance.

Source: Bloomberg

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