"Dow Drops 411 Points Amid UnitedHealth Slump and Rate Concerns"

Major stock indexes fell, with the Dow Jones dropping below its 50-day moving average as yields rose. Salesforce shares plunged 15% after releasing quarterly results. The Fed's Beige Book indicated modest economic growth but noted that higher interest rates and inflation are curbing business activity. The Nasdaq and S&P 500 also declined, with all 11 S&P sectors down. Key earnings movers included Abercrombie & Fitch, Pure Storage, and Chewy, while American Airlines and UnitedHealth Group saw significant losses.