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US STOCKS SNAPSHOT-Futures extend losses after employment data
US STOCKS SNAPSHOT-Futures extend losses after employment data
Published: 01 Apr 2009 17:18:25 PSTNEW YORK, April 1 - U.S. stock futures extended declines on Wednesday after data showed private sector employment fell more than expected in March and news struggling automaker General Motors could be headed for bankruptcy.
* The ADP National Employment report showed the private sector lost 742,000 jobs in March, the biggest loss since the survey was launched in 2001.
* S&P 500 futures fell 10.70 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 lost 102 points, and Nasdaq 100 futures gave up 16.50 points.
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