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

rose 216.82 points, or 0.47%, to 46,284.03, the S&P 500

gained 3.08 points, or 0.05%, to 6,657.80 and the Nasdaq

Composite lost 78.01 points, or 0.34%, to 22,617.72.

(Reporting by Medha Singh in Bengaluru; Editing by Arun Koyyur)