U.S. stock-index futures were higher today as the dollar eased back from its largest gain in two years and as worries about Greece receded.
Futures for the Dow Jones Industrial Average rose 0.1 percent to 18,073, while those for the S&P 500 index were up 0.1 percent to 2,107. Futures for the Nasdaq 100 index climbed 0.1 percent to 4,485.
The dollar was down around a third of one percent against a basket of currencies, after jumping 1.3 percent yesterday, its biggest rise since July 2013.
Greece and its European creditors have also played down fears that Athens would default on a payment to the International Monetary Fund next week.
Yesterday, the Dow industrials fell 190 points to 1,8041, its biggest one-day loss since April 30. The S&P 500 declined 1 percent to 2,104 and the Nasdaq Composite Index tumbled 1.1 percent, to 5,032, the biggest losses for both since May 5.
MOVERS:
Tiffany & Co. (NYSE:TIF) jumped 7.6 percent in premarket trading after the luxury jewelry chain posted quarterly profit that topped estimates.
Hormel Foods (NYSE:HRL) advanced 4.9 percent to $56.61 after the maker of Spam agreed to buy closely held Applegate Farms LLC.
Michael Kors Holdings (NYSE:KORS) tumbled 13.2 percent after its 2016 earnings forecast fell short of projections.
Workday (NYSE:WDAY) fell 8.3 percent after the software maker for human resource work forecast current-quarter billings below market expectations and reported a bigger quarterly net loss.
TiVo (NASDAQ:TIVO) jumped 4.6 percent in premarket trades after the digital video recorder maker reported better-than-expected quarterly revenue and profit, helped by higher subscriptions.
DSW (NYSE:DSW) surged 4.2 percent ahead of the bell after the shoe retailer reported a better-than-expected 23 percent increase in profit in its first quarter, helped by strong athletic footwear sales and lower clearance inventory.
COMMODITIES:
Spot gold was up 0.3 percent at $1,189.65 an ounce. It dropped to $1,185.35 on Tuesday, its weakest since May 12.
July Brent crude was up 13 cents at $63.85 a barrel by 6:43 a.m., easing back from an early high of $64.67, while U.S. crude was up 23 cents at $58.26 a barrel after touching $58.95 earlier in the session.
OTHER MARKETS:
European stocks climbed after yesterday’s selloff, while Asia closed mixed.