US market futures rise on Cyprus bailout deal

By the Associated Press | March 25, 2013 | 9:28 AM EDT

In this Tuesday, March 19, 2013, photo, traders Andrew Silverman, left, and Daniel Ryan work on the floor of the New York Stock Exchange. Investors breathed a sigh of relief Monday March 25, 2013 after Cyprus clinched a bailout deal with international creditors that will prevent it becoming the first country to ditch the euro _ a prospect that could have worsened the crisis afflicting Europe's single currency. (AP Photo/Richard Drew)

NEW YORK (AP) — U.S. stock market futures are rising following a deal in Europe for a 10 billion euro ($13 billion) bailout for Cyprus that will shrink its banking sector, but keep the nation using the euro.

Dow Jones industrial average futures are up 39 to 14,498. Nasdaq 100 futures added 14.2 to 2,807.8. S&P 500 futures are up 6.50 to 1,558.50.

Dell Inc. is up 3 percent after the PC maker received takeover bids from private equity firm Blackstone Group and activist investor Carl Icahn. Both rival the $24 billion-plus bid from a group that includes founder Michael Dell.

The Cyprus deal is providing a lift for European markets. Germany's DAX and France's CAC-40 are both up over 1 percent. Most Asian markets earlier rallied on the plan, but Chinese stocks fell.