July 10 (Reuters) - U.S. stock index futures turned positive
on Wednesday after Federal Reserve Chair Jerome Powell said the
central bank was ready to "act as appropriate" to sustain a
decade-long expansion, bolstering expectations of an interest
rate cut later this month.
At 8:33 a.m. ET, Dow e-minis 1YMcv1 were up 41 points, or
0.15%. S&P 500 e-minis EScv1 were up 6.5 points, or 0.22% and
Nasdaq 100 e-minis NQcv1 were up 32 points, or 0.41%.
Minutes before the release of his comments, Dow e-minis
1YMcv1 were down 60 points, or 0.22%. S&P 500 e-minis EScv1
were down 5.75 points, or 0.19% and Nasdaq 100 e-minis NQcv1
were down 12 points, or 0.15%.