Stock futures pare losses after data

Stock index futures pared losses on Wednesday after data showed housing starts increased more than anticipated in September and consumer prices outside food and energy rose less than forecast.

S&P 500 futures fell 0.4 point and roughly even with 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 26 points, and Nasdaq 100 futures were off 12.25 points.

(Reporting by Chuck Mikolajczak; editing by Jeffrey Benkoe)