NEW YORK (Reuters) - Stock index futures fell on Thursday following economic data that showed consumer price pressures mounted in July, fanning inflation concerns.In a separate report, the government reported that the number of people filing new claims for jobless benefits fell but the level of claims was well above economists' expectations, suggesting labor market strain.
The economic reports overshadowed news of a stronger-than-expected quarterly profit from Wal-Mart Stores Inc (NYSE:WMT - News).
S&P 500 futures fell 7 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.
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