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Stock futures pare gains on weak ADP data

2/07/2008 - 13:26

NEW YORK (Reuters) - Stock futures trimmed gains on Wednesday after a weaker-than-expected ADP report on U.S. private-sector employment for June.

S&P 500 futures were 4 points higher, above fair value, a mathematical formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.

Dow Jones industrial average futures rose 9 points, and Nasdaq 100 futures rose 10 points.

(Reporting by Walker Simon; Editing by Kenneth Barry)


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