Finance ministers agreed early Tuesday on the terms of a bailout, saying that the first $36.88 billion in aid for Spain can be ready by the end of the month. Unemployment in Spain is nearing 25 percent,
Markets have been selling off on the uncertainty surrounding the largest European country to date to seek assistance in the debt crisis.
Dow Jones industrial average futures are up 50 points to 12,735. Standard & Poor's 500 futures have tacked on 4.4 points to 1,353.60 and Nasdaq futures are up 9.5 points at 2,615.50.
Shares of Alcoa Inc. are up in premarket trading after posting a smaller-than-expected loss, kicking off the second-quarter U.S. earnings season.