RTRS: Stock futures extend losses on jobless claims
NEW YORK (Reuters) - Stock index futures extended losses on Thursday after data showed the number of U.S. workers filing new claims for jobless benefits surged to a 16-year high last week, underscoring worries about the bleak economic outlook.
Futures had already been trading lower as investors worried that failure by U.S. automakers to get government aid would add to the economic woes and dim the profit outlook further. For the full report, please see .N
S&P 500 futures slipped 14.75 points, but were roughly in line with 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 dipped 117 points, and Nasdaq 100 shed 17 points.
(Reporting by Kristina Cooke; Editing by Kenneth Barry)
