US STOCKS SNAPSHOT-Futures cut losses on Berkshire-Burlington

NEW YORK Tue Nov 3, 2009 7:44am EST

NEW YORK Nov 3 (Reuters) - U.S. stock index futures cut losses on Tuesday after Berkshire Hathaway Inc (BRKa.N) said it would acquire railroad Burlington Northern Sante Fe Corp BNI.N for $100 per share in cash and stock.

* S&P 500 futures SPc1 fell 6.90 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 DJc1 lost 54 points, and Nasdaq 100 futures NDc1 were off 6.25 points.

(Reporting by Leah Schnurr; editing by Jeffrey Benkoe)

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