US STOCKS SNAPSHOT - Futures fall further after GDP data

NEW YORK Wed Jan 30, 2013 8:34am EST

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NEW YORK Jan 30 (Reuters) - U.S. stock index futures extended losses after data showed the economy unexpectedly contracted in the fourth quarter, declining by 0.1 percent against expectations of a 1.1 percent increase.

S&P 500 futures fell 4 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration of the contract. Dow Jones industrial average futures lost 7 points and Nasdaq 100 futures fell 4 points.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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