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Wall Street opens higher on trade tricks hopes; Powell speech eyed By Reuters

© Reuters. FILE PHOTO: Traders work on the floor of the NYSE in New York

(Reuters) – U.S. Stocks opened higher on Wednesday with hopes of a trade truce between the United States and China at the G20 Summit, and investors looked forward to Fed Chairman Jerome Powell's speech for clues on the path of hikes in interest rates.

The Dow Jones Industrial Average () rose 84.11 points, or 0.34 percent, at the open to 24.832.84.

The S & P 500 () opened higher by 9.28 points, or 0.35 percent, at 2.691.45. The Nasdaq Composite () gained 52.38 points, or 0.74 percent, to 7.135.08 at the opening bell.

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