October 6, 2008 / 10:47 AM / 11 years ago

US STOCKS-Futures tumble as credit woes fan global rout

NEW YORK, Oct 6 (Reuters) - U.S. stock index futures slid on Monday as concerns about the widening fallout from the credit crisis fueled a global equities sell-off and bank rescues in Europe heightened fears about the stability of major financial institutions.

S&P 500 futures SPc1 dropped 27.70 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 slid 219 points and Nasdaq 100 NDc1 futures shed 33.25 points. (Reporting by Ellis Mnyandu, Editing by Walker Simon)

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