U.S. stocks opened higher on Friday ahead of a keenly awaited speech by Federal Reserve Chair Jerome Powell at the Jackson Hole summit that could indicate the central bank’s interest rate move at its next meeting in September.
The Dow Jones Industrial Average rose 117.64 points, or 0.34 percent, at the open to 34,217.06. The S&P 500 opened higher by 13.07 points, or 0.30 percent, at 4,389.38, while the Nasdaq Composite gained 50.40 points, or 0.37 percent, to 13,514.37 at the opening bell.
