Wall Street Opens Flat Ahead of Powell Speech

Wall Street Opens Flat Ahead of Powell Speech
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Nov. 29, 2022. Brendan McDermid/Reuters
Reuters
Updated:

U.S. stock indexes opened flat on Wednesday ahead of comments from Federal Reserve Chair Jerome Powell that will be closely watched for signs of a slowdown in the pace of interest rate hikes by the central bank.

The S&P 500 opened lower by 0.45 points, or 0.01 percent, at 3,957.18, while the Nasdaq Composite gained 11.42 points, or 0.10 percent, to 10,995.20 at the opening bell.

The Dow Jones Industrial Average fell 57.10 points, or 0.17 percent, at the open to 33,795.43.