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Stock futures rose early Tuesday as European finance ministers prepared to meet in Brussels to discuss bailout strategies. Late on Monday, Fitch Ratings lowered its credit outlook for the U.S. to negative, although it maintained its AAA rating. Nonetheless, futures were holding onto Monday’s gains.
Dow futures rose 8 points to 11,506; S&P 500 futures rose 1.9 points to 1,193.
AMR (AMR), the parent company of American Airlines, filed for bankruptcy, sending shares 60% lower. Transocean (RIG) shares fell 6% after the company announced it would issue 26 million new shares to finance its acquisition of Aker Drilling.
Case-Shiller home prices are set to be released this morning, as well as home price and consumer confidence data.
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