Market Volatility: Fed Chair Powell's Speech, Mixed Earnings, and Soaring Treasury Yields

Stock futures inched higher as traders awaited a key speech from Federal Reserve Chair Jerome Powell for insights into future rate policy. Tesla's stock slid 1% in after-hours trading after missing earnings and revenue expectations, while Netflix shares surged 12% after beating analysts' profit expectations. The Dow Transports suffered its worst day since April, with airlines like United Airlines and Alaska Air experiencing significant losses. The focus remains on Treasury yields, which reached multiyear highs, raising questions about the central bank's monetary policy.