News Formal

U.S. stocks open higher ahead of Fed Chair Powell’s Jackson Hole speech

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

U.S. stocks opened higher Friday as investors wait for Federal Reserve Chair Jerome Powell to speak at the Jackson Hole Economic Policy Symposium in Wyoming...

U.S. stocks opened higher Friday as investors wait for Federal Reserve Chair Jerome Powell to speak at the Jackson Hole Economic Policy Symposium in Wyoming this morning. The Dow Jones Industrial Average DJIA, +0.68% rose 0.4% soon after the opening bell, while the S&P 500 SPX, +0.52% gained 0.4% and the Nasdaq Composite COMP, +0.58% increased 0.

4%, according to FactSet data, at last check. Powell is scheduled to speak at the Jackson Hole event at 10:05 Eastern Time on Friday. Meanwhile, the yield on the two-year Treasury note was up about five basis points Friday morning at around 5.05%, while the 10-year Treasury yield edged up two basis points to about 4.25%, FactSet data show, at last check.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Could Fed Chair Powell's Jackson Hole speech send stocks plunging again?With Nvidia earnings out of the way, the next test for US markets is Federal Reserve Chair Jerome Powell’s annual speech at the Jackson Hole economic summit on Friday.
Source: cnni - 🏆 326. / 59 Read more »