US futures set to rebound as G-8 leaders gather

[May 18, 2012]  NEW YORK (AP) -- U.S. stock futures are rebounding as leaders of eight of the world's biggest economies begin to gather outside of Washington to determine how best to limit damage from the debt crises rattling Europe.

Dow Jones industrial average futures are up 58 points to 12,471. Standard & Poor's 500 futures are up 7.4 points to 1,308.7. Nasdaq composite futures are up 11.5 points to 2,516.25.

U.S. stocks have been battered throughout the month and may post their first monthly declines since September. Dow Jones futures are down more than 5 percent in May and the S&P and Nasdaq are down 6 percent to 7 percent.

The only thing being followed more closely than the G-8 talks at Camp David, perhaps, is the start of trading Friday in shares of Facebook.

[Associated Press]

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