Stocks gain as investors look to key speech from Powell ...Middle East

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Stocks gain as investors look to key speech from Powell
By Krystal Hur, CNN New York (CNN) — Stocks rose Friday morning as Wall Street awaited comments from Federal Reserve Chair Jerome Powell. The Dow rose 170 points, or 0.4%. The S&P 500 gained 0.6% and the Nasdaq Composite added 0.9%. All three major indexes are on pace to end the week higher. Investors are looking to Powell’s highly anticipated speech at a key economic summit in Jackson Hole, Wyoming, at 10 am ET Friday. Powell has used the event in the past to hint at the Fed’s next policy move, sometimes leading to dramatic market swings. Kurt Spieler, chief investment officer at First National Bank of Omaha, says that with a September rate cut in sight, he will be looking for clue

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