Futures hold gains after GDP data
Stock index futures briefly ticked lower on Friday but were mostly unchanged after data showed the U.S. economy grew at a slightly slower pace than previously estimated in the fourth quarter, while corporate profits slowed sharply.
S&P 500 futures rose 2.7 points and were above 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 gained 23 points, and Nasdaq 100 futures added 8 points.
(Editing by Jeffrey Benkoe)
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