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US STOCKS-S&P 500 futures briefly add gains after data

Wed Jul 15, 2009 8:45am EDT

NEW YORK, July 15 (Reuters) - S&P 500 stock index futures briefly added to gains on Wednesday following data that showed core consumer prices remained relatively tame in June, while a July gauge of New York State manufacturing posted its highest reading in more than a year as orders surged.

S&P 500 futures SPc1 climbed 11.10 points and were above 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 rose 87 points, and Nasdaq 100 NDc1 futures added 26.25 points. (Reporting by Ellis Mnyandu; Editing by Padraic Cassidy)



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