"Powell's Return Boosts Stock Market, Sending Stocks Higher"

US stocks rose as the S&P 500 touched record highs ahead of Federal Reserve Chair Jerome Powell's testimony, with tech stocks leading the gains. Gold extended its rally as Powell reiterated rate cut intentions, while Nvidia and Meta hit new stock highs. New York Community Bancorp faced challenges with a 7% deposit loss, and Victoria's Secret shares plunged after disappointing sales guidance. Deutsche Bank highlighted bullish factors for bitcoin's potential price increase.