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Wall Street ready for a rebound as quarter ends

Wall Street is set to resume its rise on hopes that it will get more budding signs of economic recovery.

Data being released later Tuesday include the S&P Case-Shiller January home price index and a private research group's March consumer confidence index. Chicago purchasing managers will also report on March business conditions.

On the last day of the quarter, Dow Jones industrial futures are up 73, or 1 percent, at 7,553. Standard & Poor's 500 index futures are up 5.90, or 0.8 percent, at 790.20. Nasdaq 100 index futures are up 8.25, or 0.7 percent, at 1,231.

The major indexes had dropped about 3 percent Monday as the White House rejected General Motors Corp.'s and Chrysler's turnaround plans, raising the possibility of an automaker bankruptcy.