NEW YORK (Reuters) - Stock index futures extended losses on Wednesday after data showed a far smaller than expected rise in new orders for long-lasting goods in July.
Excluding transportation equipment, orders posted their largest decline in 1-1/2 years, according to a government report that pointed to a slowdown in manufacturing.
S&P 500 futures fell 7.9 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 dropped 68 points and Nasdaq 100 futures lost 15.75 points.
