US stock indices opened higher on Wednesday after comments from Federal Reserve Chair Jerome Powell.
As of 9:35 AM Eastern Time, the S&P 500 edged up by 0.1%, the Dow Jones Industrial Average was up 0.3%, and the Nasdaq Composite was 0.1% higher.
At the open, the Dow Jones Industrial Average rose 76.2 points, or 0.16%, to 46,368.94. The S&P 500 rose 12.9 points, or 0.19%, to 6,669.79, while the Nasdaq Composite rose 82.5 points, or 0.37%, to 22,656.015.
On Tuesday, Powell had characterized equities as “fairly highly valued.”
Vancouver-based Lithium Americas shot up 79% after reports that the Trump administration was in talks to take an equity stake in the mining company as part of a renegotiation of a government loan for a Nevada mining project.
