US stock futures mixed after Greece rescue deal

By DANIEL WAGNER | July 22, 2011 | 8:15 AM EDT

In this July 18, 2011 photo, specialist William Krumm works at his post on the floor of the New York Stock Exchange. World stock markets climbed Friday, July 22, 2011, as investors signaled their approval of a massive new bailout plan for Greece and broader measures to tackle the continent's debt problems.(AP Photo/Richard Drew)

U.S. stock futures are nearly flat as traders await a resolution to the impasse over the U.S. debt limit. News of a second bailout for Greece is lifting overseas markets.

Republicans and Democrats are far apart on a deal to raise the nation's debt ceiling before Aug. 2, when the U.S. might default on its financial obligations. That uncertainty has overshadowed positive news about corporate earnings and an agreement Thursday to give Greece a second financial lifeline.

European officials also agreed to lower interest rates for loans to Greece, Ireland and Portugal.

Ahead of the opening bell, S&P 500 futures are up 1 point, or 0.1 percent, at 1,343. Dow futures are down 8, or 0.1 percent, at 12,682. Nasdaq 100 futures are down 3, or 0.1 percent, at 2,408.