US stocks hold with Jackson Hole symposium in focus

US stocks opened stable today, with market's focus shifting towards the Jackson Hole symposium, which includes bankers, heads of global central banks and finance ministers from various countries.

Several members of the US Fed stated mixed opinions on monetary policy, especially about rate cuts, as some see there's no need for a cut, while others believe that recession fears obligate them to move quickly.

The Chinese government plans to impose a 10% tariff increase on US imports worth $75 billion, amid expectations of targeting imports of agricultural goods.

This came in response to Trump's 10% tariffs increase decision last month on Chinese goods worth $300 billion starting from September, and then announced the delay of some of these tariffs on several imports until mid-December.

By 14:53 GMT, Dow Jones rose by 0.1% or 31 points to 26,284 points, Nasdaq stabilized at 7,990 points, and S&P 500 stabilized at 2,922.