SNAPSHOT Dow, S&P 500 turn positive as Powell says end of balance sheet drawdown is near

Oct 14 (Reuters) – The Dow and the S&P 500 turned positive on Tuesday after Federal Reserve Chair Jerome Powell said the central bank may soon end its balance sheet runoff, easing investor concerns over tight financial conditions.

At 12:27 p.m. ET, the Dow Jones Industrial Average (.DJI), opens new tab rose 216.82 points, or 0.47%, to 46,284.03, the S&P 500 (.SPX), opens new tab gained 3.08 points, or 0.05%, to 6,657.80 and the Nasdaq Composite (.IXIC), opens new tab lost 78.01 points, or 0.34%, to 22,617.72.

Reporting by Medha Singh in Bengaluru; Editing by Arun Koyyur