S&P futures are up 3.5, and Dow futures are up 28. You know the S&P dropped 20 points today and the Dow dropped 243, right? This isn't "shooting straight up" and it doesn't take any news. It's a modest technical bounce after the indices closed below the Bollinger bands following four consecutive down days. Not even worth cocking an eyebrow over, let alone getting all excited and looking for the big news behind it.