Stocks opened slightly higher Wednesday, with the Nasdaq Composite building on the previous session’s record close and the S&P 500 traded near record territory a day after Federal Reserve Chairman Jerome Powell emphasized the central bank still expects inflation pressures to prove transitory. The Dow Jones Industrial Average
DJIA,
+0.11%
was up around 17 points, or less than 00.1%, near 33,962. The S&P 500 rose 0.1% to 4,251.78, not far off its record close of 4,255.15 set on June 14. The Nasdaq
COMP,
+0.31%,
meanwhile, rose 0.3% to trade at 14,295.33.
