17 minutes ago NEW YORK (Reuters) - U.S. stock futures sharply extended losses on Friday as a government report showed the U.S. economy shed 84,000 jobs in August, significantly more than economists had expected, and the unemployment rate climbed to a 4-1/2-year high.The report added to concern about the impact of the housing slump on the economy and the corporate profit outlook.
S&P 500 futures slid 14.10 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 tumbled 112 points and Nasdaq 100 futures dropped 22.75 points.
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