"Market Rebounds as Powell's Remarks Shake Winning Streaks"

The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite rebounded after a dip caused by a poor Treasury bond auction and indications of higher interest rates. The S&P 500 and Nasdaq ended their longest winning streaks since November 2021. Treasury bond yields eased after a reported ransomware attack against a Chinese bank's U.S. unit. Federal Reserve Chairman Jerome Powell's remarks on inflation and interest rates added to market uncertainty. Consumer sentiment fell for the fourth consecutive month. Shares of Plug Power, Trade Desk, Illumina, and Lions Gate Entertainment were in focus due to company-specific news.