Wall Street ended higher on Friday with the Dow closing at a record high after investors welcomed Federal Reserve Chair Jerome Powell’s remarks at Jackson Hole.

Just three weeks ago, Federal Reserve Chair Jerome Powell spoke to reporters after the central bank had kept its key interest rate unchanged for a fifth straight meeting and said the job market was “solid.

Future tied to Wall Street's main stock indexes inched higher on Friday in the run-up to Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Economic Symposium, which would shed more light on the interest-rate path.