US STOCKS SNAPSHOT-Futures extend losses after employment data

By REUTERS

May 28, 2010 Updated May 28, 2010 at 5:40 PM EST

NEW YORK (Reuters) - U.S. stock futures extended
declines 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.
(Reporting by Leah Schnurr; Editing by James Dalgleish)




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