Stocks open higher after Powell-inspired dip

U.S. stocks opened higher on Friday, attempting to end the week on a positive note after the S&P 500 and Nasdaq Composite snapped their longest winnign streaks in two years in the previous session. Stocks stumbled Thursday after a weak 30-year T-bond auction and remarks by Federal Reserve Chair Jerome Powell that warned further rate hikes may still be needed to get inflation under control. The Dow Jones Industrial Average
DJIA,
+1.15%
rose 119 points, or 0.4% , while the S&P 500
SPX,
+1.56%
rose 0.3%. The Nasdaq Composite
COMP,
+2.05%
was up 0.4%.