US: S&P 500, Nasdaq slip ahead of Powell's speech

THE S&P 500 and the Nasdaq opened lower on Friday (Aug 26) as investors worried about hawkish signals from Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium.

The S&P 500 opened lower by 0.38 points, or 0.01 per cent, at 4,198.74, while the Nasdaq Composite dropped 8.69 points, or 0.07 per cent, to 12,630.58 at the opening bell.

The Dow Jones Industrial Average rose 1.65 points at the open to 33,293.43. REUTERS