NEW YORK (Reuters) - The Dow turned positive and the S&P 500 and Nasdaq cut losses on Wednesday on optimism about a possible interest rate cut and as higher oil prices boosted energy shares.
U.S. stocks had earlier been down more than 1 percent as investors locked in profits after Tuesday's steep gains.
The Dow Jones industrial average .DJI was up 8.68 points, or 0.10 percent, at 9,073.80. The Standard & Poor's 500 Index .SPX was down 2.53 points, or 0.27 percent, at 937.98. The Nasdaq Composite Index .IXIC was down 7.82 points, or 0.47 percent, at 1,641.65.
(Reporting by Kristina Cooke; Editing by Kenneth Barry)
