Another end-of-session surge left the benchmark US indices with strong gains ahead of new Federal Reserve Chair Jerome Powell heading to Capitol Hill to address the House Financial Services Committee tomorrow morning (12:30am AEDT) - Dow up +399-points or +1.58% and The broader S&P500 gained +1.18%, with 10 of the 11 primary sectors closing higher. The S&P500 is now also back above the level it was trading at prior to the correction that started on 5 February (albeit still ~3% below its record all-time high). The technology-centric NASDAQ rose +1.15%.
