March 6 (Reuters) - Wall Street's main indexes opened

higher on Wednesday after Federal Reserve Chair Jerome Powell in

prepared remarks ahead of his congressional testimony said the

central bank expects to reduce its benchmark interest rate later

this year.

The Dow Jones Industrial Average rose 135.96 points,

or 0.35%, at the open to 38,721.15.

The S&P 500 opened higher by 29.38 points, or 0.58%,

at 5,108.03, while the Nasdaq Composite gained 152.41

points, or 0.96%, to 16,092.00 at the opening bell.