American Stock Futures advance ahead of G-8 meeting

S&P 500 lost 8.1 per cent since April 2, this year's high. On May 17 it registered a 4-month low on weak economic statistics and debt crisis in Europe. On the news that the situation in the European Union will be discussed today at G-8 leaders' summit in Maryland, S&P 500 contracts expiring in June gained 0.4 percent, to 1,306.9, indicating that the index should bounce back after falling for 5 days. Dow Jones futures also added 0.4 percent, to 12,458.