Markets end the day higher after Fed Chair Powell’s testimony before Congress

Federal Reserve Chair Jerome Powell testifies at a House Financial Services Committee hearing in Washington, DC, on March 6. Bonnie Cash/ReutersUS stocks ended the day up following two consecutive losing sessions on Wall Street. Markets bounced higher as tech stocks rebounded and as investors digested comments from Federal Reserve Chair Jerome Powell that interest rate cuts are likely this year. The blue-chip Dow Jones Industrial Average was up 76 points, or 0.2%. The S&P 500 gained 0.5%, and the tech-heavy Nasdaq Composite was 0.6% higher.The Dow was up by more than 200 points in midday…