NEW YORK Nov 16 U.S. stock index futures cut
their losses to turn positive on Friday after the Wall Street
Journal reported that White House officials were in advanced
internal discussions that could indicate increased flexibility
to negotiate on the "fiscal cliff."
Citing sources familiar with the matter, the Journal wrote
that officials were in talks to replace spending cuts set to
begin in January with a separate package of spending cuts and
S&P 500 futures rose 2.5 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 added 8
points and Nasdaq 100 futures rose 7.5 points.