Futures cut losses on Berkshire-Burlington

03 November 2009 @ 07:48 am EDT

U.S. stock index futures cut losses on Tuesday after Berkshire Hathaway Inc said it would acquire railroad Burlington Northern Sante Fe Corp for $100 per share in cash and stock.

* S&P 500 futures fell 6.90 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 54 points, and Nasdaq 100 futures were off 6.25 points.

(Reporting by Leah Schnurr; editing by Jeffrey Benkoe)

Copyright 2009 Thomson Reuters. All rights reserved.

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