NEW YORK (Reuters) - Stock index futures extended gains on Thursday after a government report showed the pace of contraction in the U.S. economy in the third-quarter was slightly less than expected.
S&P 500 futures rose 31.70 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 335 points, and Nasdaq 100 futures shot up 34.75 points.
Gross domestic product, which measures the output of all goods and services within U.S. borders, experienced its sharpest contraction in seven years.
(Reporting by Ellis Mnyandu, Editing by Kenneth Barry)
