U.S. Stocks Open Higher on Friday; Hot Chinese ADRs Soar

Tiger Newspress2022-08-26

The S&P 500 was little changed Friday ahead of Federal Reserve Chair Jerome Powell's speech in Jackson Hole, Wyoming.

The broader market index dipped 0.03%, and the Nasdaq Composite slid 0.08%. The Dow Jones Industrial Average advanced 70 points, or 0.21%.

All eyes are on Powell's widely anticipated 10 a.m. ET speech at the central bank's annual symposium in Wyoming. Traders digested one of the Fed's favorite inflation measures, the personal consumption expenditures data, which on Friday showed price increases eased in July.

Hot chinese ADRs soar after China and U.S sign agreement on audit dispute.

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