Stocks May Attempt a Rebound as Traders Seek Bargains

The major U.S. index futures are pointing to a higher opening on Wednesday, with sentiment suggesting a rebound from recent losses. Though the Greek political crisis is yet unresolved, traders can take some comfort from a domestic economic report, which showed a strong increase in the housing starts for April. Traders may now focus on the industrial production report due to be released before the markets open. Given the recent declines, some rebound is likely if domestic economic reports encourage and the FOMC minutes throw up something positive.