Stocks: Waiting for Cyprus

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NEW YORK (CNNMoney) Stock futures experienced a sudden uplift Friday, after a representative of the Cyprus government said a bailout deal could be reached in the next few hours.

The announcement helped alleviate a cloud of uncertainty that's been looming over Wall Street.

"People like to have a definitive answer, rather than something lurking in the darkness," said Anthony Conroy, head trader at ConvergEx Group.

All eyes are on Cyprus, where lawmakers are discussing new proposals to raise the money the country needs to qualify for its European Union bailout.

"In a few hours, we will be called upon to take the big decisions and reply to the hard dilemmas," said Christos Stylianides, spokesman for the Cypriot government.

U.S. stock futures made gains after Stylianides' comments. Before that, they were flat.

Talks between Russian officials and the Cyprus government broke up early Friday, with no agreement on a cash infusion that could help the island nation secure a

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