"Dow's Historic Winning Streak Snapped as Stock Market Closes Lower Today"

The U.S. stock market closed lower as the Dow Jones Industrial Average snapped its historic winning streak following the Federal Reserve's decision to raise interest rates. The U.S. economy grew at a 2.4% annual rate last quarter, boosting hopes of avoiding a sharp economic slowdown. Meta Platforms reported its highest quarterly sales growth since 2021, while Southwest Airlines stated that business travel revenues were still below pre-pandemic levels. So far this earnings season, 80% of companies have exceeded Wall Street expectations. Bond yields rose, with the 10-year Treasury note settling above 4% for the first time since July. Travel-related stocks had mixed performance, with cruise stocks surging and airlines falling. Oil prices remained near 14-week highs due to diminishing supplies and higher demand.