Thursday, June 16, 2011

Stock futures add losses after data (Reuters)

NEW YORK (Reuters) ? Stock index futures extended losses on Wednesday after data on consumer prices and manufacturing in New York State.

S&P 500 futures dropped 12 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration of the contract. Dow Jones industrial average futures lost 118 points and Nasdaq 100 futures were off 20 points.

(Reporting by Angela Moon)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20110615/bs_nm/us_markets_stocks

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