U.S. stock futures rose, following a two-week gain in equities, as concern over Greece exiting the euro eased after official projections showed that the largest pro-bailout parties won enough seats to form a coalition.
Standard & Poor’s 500 Index futures expiring in September added 0.3 percent to 1,342.10 as of 11:06 a.m. in Tokyo, trimming gains of as much as 0.7 percent. The benchmark measure for U.S. equities advanced 1.3 percent last week. The euro rose 0.4 percent to $1.2687.
“This allows Greece to step back from the brink,” said Peter Sorrentino, who helps oversee $14.7 billion at Huntington Asset Advisors in Cincinnati. “It gives Europe a little breathing room to deal with the Spanish situation. It buys them more time. We’ll get some positive carry through.”