NEW YORK, Nov 1 (Reuters) - U.S. S&P 500 stock index futures briefly trimmed gains on Monday after data showed U.S consumer spending rose by less than expected in September.
S&P 500 futures were up 4.80 points and 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 51 points, and Nasdaq 100 futures rose 8.5 points.