U.S. stocks opened higher Thursday, Sept. 3, as comments from Federal Reserve Gov. Christopher Waller eased concerns about near-term rate increases and Treasury yields declined. The Dow Jones Industrial Average rose about 395 points, or 0.7%, at 9:34 a.m. ET, while the S&P 500 gained roughly 0.5% and the Nasdaq Composite advanced about 0.6%, according to Reuters. The move followed Wednesday’s rebound, which ended three-day losing streaks for all three major indexes. September has historically been the S&P 500’s weakest month: data cited by The Kobeissi Letter since 1928 show declines in roughly 55% of Septembers and an average monthly loss of about 1.1%. The average September drawdown has been about 4.7%, with losses historically concentrated in the second half of the month. Waller said he could support holding interest rates unchanged at the Federal Reserve’s Sept. 15-16 meeting if inflation data show cooling price pressures, while leaving open the possibility of higher rates if inflation strengthens. The 10-year Treasury yield fell to about 4.75% and the two-year yield to roughly 4.32%. Nvidia rose around 2% after announcing a roughly $13 billion acquisition of artificial-intelligence platform Hugging Face, Snowflake surged about 25% after an upbeat revenue outlook, and Broadcom dropped more than 5% after its latest forecast. Brent crude traded above $96 a barrel as U.S.-Iran tensions raised Middle East supply concerns, while U.S. crude was up about 11% for the week, according to AP. Revised Bureau of Labor Statistics data showed second-quarter nonfarm business productivity rising at a 1.4% annualized rate and unit labor costs increasing 1.2%. The U.S. trade deficit widened to $88.6 billion in July from a revised $71.2 billion in June as exports declined and imports increased. Investors are also watching Friday’s August jobs report, along with oil prices and Federal Reserve policy.