NEW YORK (Reuters) - Stock index futures cut losses on Tuesday and S&P 500 futures briefly turned positive after data showed sales at retailers rose more than expected in August to rack up the biggest gain in five months.
S&P 500 futures dipped 1.3 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 were off 2 points, and Nasdaq 100 futures edged up 0.5 points.
(Reporting by Leah Schnurr; editing by Jeffrey Benkoe)
