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Stock futures extend losses into Wall Street open


    NEW YORK (Reuters) - Stock index futures extended losses on Wednesday after a sharp snap-back rally in the last session as investors' well-worn fears about the economy and high levels of public debt looked set to generate more volatile trading.

    S&P 500 futures lost 18.6 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 fell 171 points, and Nasdaq 100 futures dropped 38.25 points.

    (Reporting by Edward Krudy; editing by Jeffrey Benkoe)