NEW YORK - Stock index futures added to gains on Wednesday after the Obama administration released a plan aimed at stemming home foreclosures.

After Tuesday's sell-off the market was already primed for a bounce, with bargain hunters on the prowl after stocks had slid to three-month lows.

Advancers before the bell include financial shares and energy shares, which both were among Tuesday's worst decliners.

S&P 500 futures rose 7.60 points, and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures climbed 83 points, and Nasdaq 100 futures gained 14.75 points.

(Reporting by Ellis Mnyandu; Editing by James Dalgleish)