Stock Futures Up On Cautious Optimism Of Washington Deal

wochit business
October 16, 2013 AT 5:10 AM
By Angela Moon NEW YORK (Reuters) - Stock index futures gained on Wednesday amid cautious optimism that U.S. politicians would strike a last-minute deal to prevent the country from defaulting on its debt, an event that could roil markets and economies worldwide. In another day of heavy earnings, 22 companies representing 6.6 percent of the S&P 500 index will report results, including IBM , American Express and eBay after the market close. Bank of America Corp reported a third-quarter profit of $2.22 billion, compared with a loss a year earlier, as provisions for credit losses fell. ...