Wall Street buoyed by tech at the open

US stock indices opened the last session of the week higher in an attempt to recoup the losses sustained earlier this week, with the tech sector leading the charge higher as the fourth-quarter earnings season carries on for major American banks and corporations. 

Federal Reserve Bank of New York President William Dudley  participated in a panel discussion about the Fed's balance sheet at the United States Monetary Policy Forum, in New York, while Federal Reserve Bank of Cleveland President Loretta Mester will participate in a panel discussion about monetary policy objectives at the United States Monetary Policy Forum, in New York.

Federal Reserve Chair Jerome Powell will testify before the Senate Committee on Banking, Housing, and Urban Affairs and to the House Committee on Financial Services and submit a report on monetary policy and Fed's outlook.  

Federal Reserve Bank of San Francisco President John Williams will speak about economic and monetary policy at the City Club of Los Angeles, while earlier this week, the Federal Reserve released the minutes of the January 30-31 meeting, at which policymakers held interest rates unchanged between 1.25% and 1.50%, while expecting inflation to settle at 2% in the next 12 months.

As of 03:55 GMT, Standard and Poor's 500 rose 0.60%, or 16.28 points to 2,720.24, while Dow Jones climbed 0.49%, or 123.28 points to 25,085.76. 

Tech-heavy NASDAQ advanced 0.57%, or 40.85 points to 7,250.93.