US Stock Futures Inching Up; Pointing To Higher Open

US stock index futures moved up today after Spain announced that it would take several austerity measures, easing investor concerns over the Eurozone sovereign debt issues and helping them to return their focus on the improving the US economy. While futures on the S&P 500 added 5.6 points to 1157.80, those on the Nasdaq 100 moved up 8.75 points to 1944.00. Meanwhile, Dow Jones Industrial Average futures gained 38 points. Some of the stocks that will be in focus today are Walt Disney Co DIS, Morgan Stanley MS and Cisco Systems Inc CSCO. DIS fell 3%, despite posting a 55% jump in its quarterly profit, on analyst concerns over the company's parks and resorts division. Meanwhile, MS slipped 3% after a report on the Wall Street Journal claimed that the company was under investigation for collateralized debt obligations underwritten by it. CSCO added 0.7% ahead of its quarterly results. Overseas, Germany's DAX index moved up 1.6% after a report depicted better-than-expected improving in the country’s economy in the first quarter. While, Britain's FTSE 100 added 0.2% and France's CAC-40 advanced 0.7%, Japan's Nikkei stock average lost 0.2%. Read more from Benzinga's Markets.