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Empresas y finanzas

Futures lose ground after Verizon results


    NEW YORK (Reuters) - S&P 500 stock index futures turned negative on Monday following quarterly results from telecommunications company Verizon Communications Inc , a Dow component.

    VERIZON (VZ.NY)shares initially jumped 7 percent following the results but the bounce quickly faded, and the stock was near unchanged.

    S&P 500 futures rose 0.10 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 rose 7 points, and Nasdaq 100 futures were up 2 points.

    (Reporting by Ellis Mnyandu; editing by Jeffrey Benkoe)