"Stocks Rebound as Tech Stocks Stage Recovery from Recent Losses"

US stocks rebounded as tech stocks led the way following Federal Reserve Chair Jerome Powell's testimony indicating that interest rate cuts are still likely this year. New York Community Bank rebounded after announcing a new CEO and a $1 billion infusion from investors, including former Treasury Secretary Steven Mnuchin. Paramount CFO anticipates future price increases for Paramount+ streaming service. Powell's testimony to Congress brought no change to the Fed's narrative on rate cuts, and all 11 sectors in the stock market were in the green. Job openings hit their lowest level since March 2021, and wage growth for job switchers increased for the first time since November 2022.