Stocks rose in pre-market trading on Wednesday, after investors showed a strong appetite for Italian bonds and the country’s borrowing costs slipped from their previous levels. The yield on six-month notes the country issued fell to an average of 3.25% from the high of 6.50% they hit in November. European stocks were slightly higher, with the French CAC 40 rose 0.4% and the FTSE MIB Italy Index was up 0.8%.
Dow futures rose 24 points to 12,243;� S&P 500 futures rose 2.9 points to 1,263.1.
Semiconductor company Cavium (CAVM) fell 5.6% after lowering its fourth quarter revenue guidance. Medicis Pharmaceutical (MRX) fell 3% after issuing mixed guidance.
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