US: Wall Street opens higher as spotlight turns to Powell

WALL Street’s main indexes opened higher on Friday (Aug 23) 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 per cent, at the open to 40,879.12. The S&P 500 rose 31.8 points, or 0.57 per cent, at the open to 5,602.49​, while the Nasdaq Composite rose 153.4 points, or 0.87 per cent, to 17,772.727 at the opening bell. REUTERS