Futures rise after S&P 500 snaps three-day decline

* Applications for U.S. home mortgages rose last week, while interest rates hit their highest level since November 2014, data released on Wednesday showed. * Investors continue to await on the timing of the first rate hike since 2006 by the U.S. Federal Reserve as economic data points to a recovering U.S. economy, which had come to a standstill in the first quarter. * The U.S. dollar index (.DXY) hit a three-week low, with analysts pointing to debate around the G7 summit regarding the speed of the dollar's rise as the U.S. prepares to end years of cheap central-bank cash.

Futures rise after S&P 500 snaps three-day decline source: http://finance.yahoo.com/news/futures-rise-p-500-snaps-114541186.html