Wednesday, 18 July 2007

US STOCKS-Futures stay negative after CPI, housing data

(Reuters) - NEW YORK, July 18 - U.S. stock index futures
remained in negative territory on Wednesday after data showed a
pick-up in home construction but a plunge in building permits
and a slightly bigger-than-expected gain in consumer prices.




S&P 500 futures were down 8.7 points, below fair
value, a mathematical formula that evaluates pricing by taking
into account interest rates, dividends and time to expiration
on the contract.


Read more at Reuters.com Bonds News

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