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Benzinga
Benzinga
Business
Wayne Duggan

Stocks Rebound From 2022 Lows As Market Digests Fed Chair Powell's Congressional Testimony

Jerome Powell NYSE Nasdaq United States ETF

The SPDR S&P 500 ETF Trust (NYSE:SPY) bounced back from its recent weakness in a holiday-shortened trading week, with all major indexes trading higher.

Federal Reserve Chair Jerome Powell completed his two-day semiannual economic testimony to Congress on Wednesday and Thursday. Powell told Congress the Fed's commitment to reducing inflation is "unconditional" and acknowledged a U.S. economic recession is "certainly a possibility."

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