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) -- Stock futures were pointing to a much stronger open Tuesday as investors coming back from the long holiday weekend cheered signs that European officials may approve a new aid package for Greece.

Futures for the

Dow Jones Industrial Average

were up by 95 points, or 93 points above fair value, at 12,523. Futures for the

S&P 500

were higher by 11 points, or 11 points above fair value, at 1341, and


futures were ahead by 22 points, or 19 points above fair value.

Stocks finished Friday's session with strong gains as a weaker U.S. dollar boosted energy and materials shares.

According to a

Wall Street Journal

report, Germany is considering dropping plans for an early restructuring of Greece's debt, increasing the likelihood that Greece would receive a new loan package.

The news lifted the euro 0.8% against the dollar, which was down 0.3%, according to the dollar index.

The FTSE in London was rising 0.9%, and the DAX in Frankfurt was gaining 1.9%. Japan's Nikkei advanced 2%, and Hong Kong's Hang Seng jumped 2.2%.

The S&P/Case-Shiller 20-city home price index for March fell 3.6%, exceeding expectations for a decline of 3.4%, according to In February, the index fell 3.33%.

The market will get a read on May manufacturing activity in the Chicago area at 9:45 a.m. when Kingsbury International and Chicago's Institute for Supply Management release their purchasing managers index at 9:45 a.m. Economists are anticipating a reading of 62.5 after April's reading of 67.6.

At 10 a.m., the Consumer Board is scheduled to issue its consumer confidence index for May. The market is projecting a reading of 66.3 after April's reading of 65.4.

Chemical company


(ASH) - Get Free Report

said it will acquire privately-owned

International Specialty Products

for roughly $3.2 billion in cash

to expand Ashland's position in personal care, pharmaceuticals and energy.



said it

will restore PlayStation Network services in all regions except Japan, Hong Kong and South Korea by the end of the week . Last month, the company was forced to temporarily shut down the network because it had been hacked. Costs associated with the massive security breach are expected to be 14 billion yen, according to the company. Sony's stock was adding 0.2% to $26.90 ahead of Tuesday's opening bell.

Shares of


(INTC) - Get Free Report

were rising 1.1% to $22.45 in early trading ahead of the expected

unveiling of the company's new class of mobile computers aimed at competing with tablets, according to a

Financial Times


The July crude oil contract was adding $1.66 to trade at $102.25 a barrel. Gold for August delivery was losing $2 at $1,535.30 an ounce.

The benchmark 10-year Treasury fell 4/32, lifting the yield to 3.088%.


-- Written by Melinda Peer in New York


Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.