NEW YORK (Reuters) - S&P 500 stock futures briefly turned positive as a government report on February U.S. retail sales pointed to some stabilization in consumer spending, overshadowing news of an increase in the number of people filing for unemployment benefits in the latest week.
S&P 500 futures dipped 0.70 points and were about even with fair value, a formula to evaluate pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures fell 20 points, and Nasdaq 100 futures dipped 4.25 points.
(Reporting by Ellis Mnyandu; Editing by James Dalgleish)
