Stock futures pare gains after GDP data

27/04/2012 - 13:44

NEW YORK (Reuters) - Stock index futures pared gains on Friday as economic growth cooled more than forecast in the first quarter, offsetting some of the optimism from better-than-expected corporate earnings.

S&P 500 futures rose 2.5 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration of the contract. Dow Jones industrial average futures added 9 points and Nasdaq 100 futures rose 8.75 points.

(Reporting By Edward Krudy; editing by Jeffrey Benkoe)