Stock futures turn negative in abrupt shift
NEW YORK (Reuters) – Stock index futures turned sharply negative on Thursday, quickly erasing a short-lived bounce that followed comments from Mario Draghi, the president of the European Central Bank. At a press conference, Draghi said the ECB would draw up a mechanism in the coming weeks to make outright purchases to stabilize stressed euro zone borrowing costs. S&P 500 futures fell 6. 3 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration of the contract. . . .
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