S&P 500 (SPX), Dow Jones industrial average (INDU) and Nasdaq (COMP) futures were roughly 0.4% higherl. Stock futures indicate the possible direction of the markets when they open at 9:30 a.m. ET.
All eyes are on the financial fate of Greece, as foreign officials reconvene to decide how big a writedown private investors are willing to take on the country's bonds. Greek government officials and the group representing private sector investors and banks are resuming talks, after briefly pausing late last week.
A two-year German bond auction drew strong demand, boosting sentiment about Europe's debt crisis.
Meanwhile, the Wall Street earnings parade continues with Goldman Sachs (GS, Fortune 500) reporting before the opening bell. Analysts surveyed by Thomson Reuters expect Goldman to post earnings of $1.24 per share, down sharply from the $3.79 reported a year earlier.
On Tuesday, Citigroup (C, Fortune 500) missed earnings estimates, while results from Wells Fargo (WFC, Fortune 500) came in line with expectations. Bank of America (BAC, Fortune 500) and Morgan Stanley (MS, Fortune 500) are scheduled to release their results on Thursday.
U.S. stocks started the week higher Tuesday, as investors welcomed several signs of improving global economic growth.
The Greek debt dance heats up
World markets: European stocks are slightly higher in midday trading. Britain's FTSE 100 (UKX) ticked up 0.1%, the DAX (DAX) in Germany rose 0.6% and France's CAC 40 (CAC40) added 0.5%.
Asian markets ended mixed. The Shanghai Composite (SHCOMP) fell 1.4%, while the Hang Seng (HSI) in Hong Kong rose 0.3% and Japan's Nikkei (N225) increased 1%.
Companies: Late Tuesday, Yahoo (YHOO, Fortune 500) announced that co-founder Jerry Yang has resigned from the board of directors and all other positions at the company. Yahoo shares rose 3.7% in premarket trading.
Shares of Carnival (CCL) rose 3% in premarket trading, after falling14% the day before. The cruise line operator said it may suffer a more than $100 million hit to its profit from the grounding of the Costa Concordia.
Economy: The government will release new data on producer prices and industrial production Wednesday. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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