RTRS: US STOCKS-Futures add to gains on jobless claims, CPI
(Updates with reaction to jobless claims, CPI)
NEW YORK, Oct 16 (Reuters) - U.S. stock index futures extended gains on Thursday as government data showed that the number of people filing new claims for jobless benefits slid in the latest week and core consumer prices moderated in September, raising hopes of another interest rate cut.
S&P 500 futures SPc1 jumped 22.40 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 DJc1 gained 185 points, and Nasdaq 100 NDc1 futures climbed 24.
Investors looked to scour the market for beaten down shares, a day after recession fears sent Wall Street to its biggest tumble in more than two decades. (Reporting by Ellis Mnyandu)
