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Futures slip on Trichet comments


    NEW YORK (Reuters) - Stock futures briefly turned negative on Thursday after European Central Bank President Jean-Claude Trichet disappointed investors expecting an increase in its bond purchase program.

    S&P 500 futures were up 1.7 points and 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 gained 13 points, and Nasdaq 100 futures added 4.75 points.

    The ECB has been under pressure to take steps to help contain the euro zone's debt problems, and the comments caused a swoon in the euro, which has been trading in a tight correlation with U.S. stocks in recent weeks.

    (Reporting by Chuck Mikolajczak; editing by Jeffrey Benkoe)