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Wall Street opens higher as Powell says rate hikes on track -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO : New York Stock Exchange (NYSE), New York City. Markets are roiled following Russia’s attack on Ukraine. New York City. February 24, 2022. REUTERS/Caitlin Ochs

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(Reuters.) – U.S. stocks opened higher Wednesday following a bruising start. Federal Reserve Chair Jerome Powell said that the central banking would begin increasing rates this month despite the uncertainties arising from the Ukraine crisis.

At the open, it rose by 84.56 point, or 0.25 percent, to 33,379.51. At 4,322.56, the open was higher than the close by 16.30 points or 0.3%8%. The closing bell saw the exchange rate rise to 33,379.51.

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