US STOCKS SNAPSHOT-Futures slide after strong payrolls data

Reuters

NEW YORK, Nov 8 (Reuters) - U.S. stock index futures turnedsharply lower on Friday after job growth unexpectedlyaccelerated in October as employers shrugged off a governmentshutdown, raising the chance that the Federal Reserve will scaleback its stimulus program before the end of the year.

S&P 500 futures fell 4.5 points and were below fairvalue, a formula that evaluates pricing by taking into accountinterest rates, dividends and time to expiration of thecontract. Dow Jones industrial average futures lost 40points and Nasdaq 100 futures fell 2 points.

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