US futures mixed on European and US news

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Associated Press

Posted on November 27, 2012 at 7:00 AM

Updated Tuesday, Nov 27 at 8:01 AM

NEW YORK (AP) — Stock futures are mixed as Greece avoided, at least temporarily, a default on its international loans and the U.S. government posted strong manufacturing numbers for last month.

Dow Jones industrial futures are down 1 point to 12,935. The broader S&P futures are flat at 1,403.30. Nasdaq futures are up 5 points to 2,650.75.

The European Union and the International Monetary fund agreed Tuesday to release loan payments of $57 billion announced new measures to reduce Greece's debts, which have crippled the country and threatened to break apart the monetary union.

European markets rose on the news.

The U.S. Commerce Department said that companies in October increased their orders of machinery and equipment by the largest amount in five months, signaling more optimistic investment plans and a hint of future economic growth.

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