The Miami Entrepreneur

U.S. stocks open slightly higher after two days of losses

U.S. stocks opened slightly higher on Wednesday following two days of losses after the final reading on first-quarter GDP showed the American economy shrank by an even larger margin, while Federal Reserve Chairman Jerome Powell said the central bank is aiming to provoke a moderation in growth. The S&P 500 rose 3.8 points, or 0.1%, to 3,825, the Dow Jones Industrial Average gained 94 points, or 0.3%, to 31,041. The Nasdaq Composite was flat at 11,181.

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