12 minutes ago NEW YORK (Reuters) - Stock index futures extended losses on Tuesday as a report showing that core producer prices rose at a faster-than-expected clip in July added to worries about the economy's health and the profit outlook.Prior to the report, investors had feared the U.S. housing slump will spawn more losses for the financial sector and drive a global equity sell off.
S&P 500 futures fell 11.9 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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