The Nasdaq rallied on Thursday, lifted by gains in Nvidia and other technology-related stocks as investors focused on the Federal Reserve's Jackson Hole conference for clues about the central bank's policy outlook.

Wall Street's main indexes rose in early trading on Thursday, supported by banks and megacap growth stocks, while focus was squarely on Federal Reserve's annual Jackson Hole symposium for clues on the central bank's monetary policy outlook.

The U.S. dollar surged this year to its highest in two decades and there are still plenty of bulls betting the greenback has legs to keep climbing thanks to a hawkish Fed and economic news that should keep America ahead of other major economies.

Wall Street's main indexes opened higher on Thursday, supported by megacap growth and technology stocks, while focus turned to the Federal Reserve's annual Jackson Hole symposium for clues on the central bank's monetary policy outlook.

(Reuters) -The S&P 500 and the Nasdaq rose on Thursday on support from growth and semiconductor stocks, while investors eyed the Federal Reserve's Jackson Hole conference for clues on its policy outlook.

(Reuters) -U.S. stock indexes were set to open higher on Thursday, supported by megacap growth stocks and banks, while focus turned to the Federal Reserve's annual Jackson Hole symposium for clues on the central bank's monetary policy outlook.