Wall Street kicks off the session with slight gains

The New York Stock Exchange opened Friday's session in positive territory with slight gains.

Thus, the Dow Jones gained 0.70% to 45,097.17 points, the S&P 500 added 0.53% to 6,403.88 points, and the technological Nasdaq appreciated 0.47% to 21,198.66 points.

Wall Street saw some light buying on Friday ahead of Federal Reserve Chairman Jerome Powell's speech at Jackson Hole . The market is betting the central bank chairman will offer some hints about the monetary authority's next steps and pave the way for a rate cut in September .

"Attention is now focused on Powell's speech at Jackson Hole. While Powell's message is data-driven, the venue has historically been the scene of major policy shifts. Markets are on the lookout for any surprises, and a drastic one is more likely than not, " says Ipek Ozkardeskaya, an analyst at Swissquote Bank.