RTRS: Stock futures stay in red after CPI, housing data
NEW YORK (Reuters) - Stock index futures stayed pinned in negative territory on Wednesday as reports on October consumer prices and housing starts were overshadowed by worries about the diminishing prospects for a U.S. auto industry rescue.
S&P 500 futures fell 13.80 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 declined 132 points, and Nasdaq 100 futures were down 22.75 points.
(Reporting by Ellis Mnyandu; Editing by Kenneth Barry)
