US stock futures jump on European debt deal

NEW YORK (AP) - U.S. stock futures are jumping after European leaders agreed on a deal to slash Greece's debt.

Banks agreed to take 50 percent losses on the Greek bonds that they hold, and European leaders agreed to strengthen a rescue fund to protect Italy and other large European economies. Worries that a European country could default had dragged down global stocks.

Reports later Thursday will show how strongly the U.S. economy grew between July and September, as well as how many Americans joined the unemployment line last week.


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