"Powell's Inflation Warning: Stock Market Resilience and Industry Watch"

The Dow snapped a six-day losing streak as the Federal Reserve's "higher-for-longer" interest rate stance was digested, with the S&P 500 and Nasdaq closing down. Powell warned that it will take longer than expected to combat inflation, leading to bond yield increases. Earnings reports flooded in, with UnitedHealth beating profit estimates and United Airlines posting a narrower loss. Homebuilder forecasts may be impacted by interest rate uncertainty, while Live Nation faces an antitrust probe. New home construction fell sharply, and Starbucks' upcoming earnings report is anticipated to reflect declining store traffic.