"Stocks React to Earnings and Geopolitical Tensions: Dow Fluctuates, Yields Surge"

US stocks wobbled as the Dow looked to snap a six-day losing streak, with the Dow Jones Industrial Average losing steam following comments from Federal Reserve chair Jerome Powell on inflation. Bond yields remained at multi-month highs, and earnings reports flooded in before the bell. Uncertainty over interest rates could impact homebuilder forecasts, while the Cboe Volatility Index indicated localized signs of stress in the market. Gold prices and Live Nation stock also made headlines, and new data showed a decline in new residential construction as rising mortgage rates weakened housing activity.