Key facts
- Wall Street indexes opened mixed on Friday.
- The Nasdaq Composite saw a slight decline at the open.
- Nvidia's earlier strong forecast had boosted AI trade confidence.
- Investors awaited Federal Reserve Chair Kevin Warsh's speech at Jackson Hole.
- The Dow Jones Industrial Average and S&P 500 opened with modest gains.
Wall Street's main indexes opened mixed on Friday, with the AI-fueled rally that had previously lifted markets losing momentum ahead of Federal Reserve Chair Kevin Warsh's anticipated appearance at Jackson Hole. The Dow Jones Industrial Average rose 42.5 points, or 0.08%, at the open to 53,611.94. The S&P 500 gained 4.2 points, or 0.05%, to 7,735.17. The Nasdaq Composite, however, dropped 25.4 points, or 0.10%, to 26,515.989 at the opening bell. Earlier in the week, indexes had opened higher on Thursday, led by the Nasdaq, as Nvidia's strong forecast renewed investor confidence in the artificial intelligence trade. Salesforce and CrowdStrike also saw significant gains during that period.