7 minutes ago NEW YORK (Reuters) - Stock index futures fell on Wednesday as an unexpectedly strong reading of July import prices rekindled concern about price pressures in the economy.A separate government report showed that sales at U.S. retailers edged down 0.1 percent in July, as expected, on another big drop in auto sales. News of a profit shortfall from Deere & Co (DE.N) was another headwind.
S&P 500 futures fell 7.40 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 dropped 69 points and Nasdaq 100 futures declined 1.75 points.
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