 And this is the Fox Business Report. We could be headed for more record closings on Wall Street today. All three indices have been trading higher. The S&P 500 has broken through the 5600 level for the first time ever. Stocks climbing after more cautiously optimistic congressional testimony from Fed Chairman Jerome Powell today telling the Senate Banking Committee that inflation has eased notably and the labor market is cooling. But he would not commit to a time for potentially dropping interest rates.