RTRS: US STOCKS-Futures lower after retail sales data
NEW YORK, Nov 14 (Reuters) - U.S. stock index futures were lower on Friday after a report showed sales at U.S. retailers suffered a record drop in October as falling home values and declining stocks unnerved consumers.
S&P 500 futures SPc1 fell 17.80 points and were below 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 dropped 146 points, and Nasdaq 100 NDc1 futures dipped 15.75 points. (Reporting by Ellis Mnyandu; Editing by Kenneth Barry)
