U.S. Stocks Rise Amid Debate Cyprus

Learn Stocks : U.S. stock futures rose, after yesterday the biggest selloff in equity markets in nearly a month, and also because of Cyprus said that they are now entering the final stages of talks with the troika to receive a bailout.

Shares of Nike Inc.. rallied as much as 8.2 percent in premarket trading after the largest manufacturer of sports equipment in the world are reporting rising profits. And shares of Micron Technology Inc.. also jumped 6.4 percent in trading yesterday after its earnings exceeded economists' estimates.

"Investors should take a step back and remember where he was," said Alexander Friedman, chief executive officer at UBS AG, told Bloomberg Television. "We actually had to get the global recovery story. Cyprus is currently in the news and making headlines at the moment, but it will lead us astray. The biggest mover in the global economy is the United States and they are good enough for now. "