"Stocks Slip Despite Powell Speech, Wall Street Drifts in Mixed Trade"

The Dow Jones Industrial Average rose after Federal Reserve Chair Jerome Powell delivered a speech at a conference. However, Tesla stock declined despite an increase in China vehicle insurance registrations. Other notable stocks in the market included Array Technologies, Dutch Bros, eBay, Gilead Sciences, Lucid Group, Mosaic, Occidental Petroleum, Rivian Automotive, and Toast. Oil prices also extended their losses, while the yield on the 10-year U.S. Treasury bond ticked lower.