U.S. stocks open slightly higher ahead of Powell speech


U.S. stocks opened in positive territory Friday, with investors awaiting a speech by Federal Reserve Chairman Jerome Powell. The Dow Jones Industrial Average
rose 70 poins, or 0.2%, to 35,823, while the S&P 500
was up 0.3% at 4,483. The Nasdaq Composite
was up 0.3% at 14,985. Investors will be listening to clues from Powell, who will virtually address the Kansas City Fed’s annual Jackson Hole symposium at 10 a.m. Eastern, for clues on the timeline for the eventual tapering of the central bank’s asset purchases.


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