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Wall Street opens at record levels ahead of Powell talk

FILE PHOTO: Traders wearing masks work,on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. REUTERS/Brendan McDermid/File Photo

(Reuters) – Wall Street’s main indexes opened at record highs on Wednesday, supported by positive earnings updates, while investors looked to a speech by Federal Reserve Chair Jerome Powell for clues on the pace of an economic rebound.

The Dow Jones Industrial Average rose 52.2 points, or 0.17%, at the open to 31428.02. The S&P 500 rose 9.6 points, or 0.24%, at the open to 3920.78, while the Nasdaq Composite rose 85.6 points, or 0.61%, to 14093.347 at the opening bell.

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