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Futures lose ground on recovery anxiety


    NEW YORK (Reuters) - S&P 500 and Nasdaq futures turned negative, while Dow futures pared gains on Tuesday, as investors turned anxious about the potential strength of an economic recovery ahead of earnings season.

    * S&P 500 futures fell 2.40 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 up 8 points, but Nasdaq 100 futures slipped 2.50 points.

    (Reporting by Leah Schnurr; Editing by Padraic Cassidy)