US STOCKS-Nokia warning pushes futures down further
ReutersNEW YORK (Reuters) - U.S. stock futures fellfurther Friday after Nokia slashed itsthird-quarter market share outlook, heightening investors'concern about the global slowdown and the profit outlook.
The Nokia warning added to worry about the U.S. non-farmpayrolls report for August, due at 8:30 a.m. (1230 GMT), whichmight provide further signs of labor market deterioration. Thehousing slump has hobbled the economy and darkened the profitoutlook.
S&P 500 futures fell 4.40 points and were below fairvalue, a formula that evaluates pricing by taking into accountinterest rates, dividends and time to expiration on thecontract. Dow Jones industrial average futures fell 34points and Nasdaq 100 futures lost 7.25 points. (Reporting by Ellis Mnyandu, Editing by Kenneth Barry)