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(Reuters) – U.S. stock index futures extended gains on Wednesday after Federal Reserve Chair Jerome Powell said the U.S. job market “is still a ways off” from the progress the central bank wants to see before reducing its support for the economy.

© Reuters/Brendan McDermid FILE PHOTO: People are seen on Wall Street outside the NYSE in New York

At 8:36 a.m. ET, Dow e-minis were up 49 points, or 0.14%, S&P 500 e-minis were up 12.75 points, or 0.29%, and Nasdaq 100 e-minis were up 94.5 points, or 0.64%.

Video: Week ahead: Bank earnings, Powell testimony, inflation update (Reuters)

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(Reporting by Shreyashi Sanyal in Bengaluru; Editing by Maju Samuel)