NEW YORK (Reuters) - Stock index futures briefly added to losses on Friday after General Electric , a diversified manufacturer and a Dow component, posted quarterly results.
Before the GE report, futures were already sharply lower amid a worldwide equities sell-off on mounting fears that the widening fallout from the credit slump will tip the global economy into recession.
S&P 500 futures dropped 33.60 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 slid 277 points, and Nasdaq 100 futures shed 25 points.
(Reporting by Ellis Mnyandu; Editing by Lisa Von Ahn)
