Futures turn positive after Markit PMI data

20/02/2014 - 15:03

NEW YORK (Reuters) - Stock futures turned positive after an industry report showed U.S. manufacturing activity accelerated in February at its fastest pace in nearly four years.

S&P 500 e-mini futures rose 2.75 points and were 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 12 points and Nasdaq 100 futures added 0.75 points.

(Reporting by Chuck Mikolajczak; Editing by Nick Zieminski)