S&P 500 and Dow equity index futures turned higher on Tuesday after Democrat Barack Obama took a commanding lead in the U.S. presidential vote tally.
S&P 500 futures SPc1 rose 0.80 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 DJc1 climbed 16 points, and Nasdaq 100 NDc1 futures were little changed.
With network television projections in from states whose polls have closed, the latest tally of projected electoral votes showed Obama with 200 votes by 9:54 p.m. (1454 GMT), while rival Republican John McCain had 121. A candidate must get 270 electoral votes to win the presidency
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