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Futures plummet after dismal jobs

NEW YORK : US stock index futures tumbled on Friday after the US economy added far fewer jobs than expected in June, c
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By Muhammad Iqbal
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fallNEW YORK: US stock index futures tumbled on Friday after the US economy added far fewer jobs than expected in June, confounding expectations for more signs of strength in the labour market.

S&P 500 futures sunk 16.2 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 fell 104 points, and Nasdaq 100 futures fell 21.50 points.

Copyright Reuters, 2010

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