US opens higher with all eyes on Powell's remarks

Friday, 27. August 2021 15:30

Shares on the major stock market indices in the United States traded higher as the session started on Friday with investors anticipating the Federal Reserve Chair Jerome Powell's speech at the annual Jackson Hole symposium.

President of the Federal Reserve Bank of Atlanta Raphael Bostic hinted that the winding down of asset purchases could come in October, while his counterpart from Philadelphia, Patrick Harker, expressed concerns over inflationary risks' long-term effects.

The Dow Jones Industrial Average rose 0.19%, or 64 points, as the session started with Walgreens Boots jumping 1.64%. The Nasdaq 100 gained 0.18% at the open as Workday surged 7.64%. At the same time, the S&P 500 advanced by 0.2%. Gap was the benchmark's top performer, as it soared 5.22% at 9:32 am ET. The euro slid 0.1% compared to the dollar, going for 1.17404 at 9:28 am ET.

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Breaking the News / BU