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US STOCKS SNAPSHOT-Wall Street opens higher as spotlight turns to Powell
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US STOCKS SNAPSHOT-Wall Street opens higher as spotlight turns to Powell
Aug 25, 2024 8:41 AM

Aug 23 (Reuters) - Wall Street's main indexes opened

higher on Friday as investors looked to a speech from Federal

Reserve Chair Jerome Powell at the Jackson Hole Symposium for

clues on the pace of rate cuts in the world's biggest economy.

The Dow Jones Industrial Average rose 166.3 points,

or 0.41%, at the open to 40,879.12. The S&P 500 rose 31.8

points, or 0.57%, at the open to 5,602.49​, while the Nasdaq

Composite rose 153.4 points, or 0.87%, to 17,772.727 at

the opening bell.

(Reporting by Medha Singh in Bengaluru; Editing by Devika

Syamnath)

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