Stocks Mixed as Fed's Rate Hike Plan Weighs on Tech; Dow Slips But Netflix Surges

Dow Jones fell 251 points as Fed Chair Powell pledged further interest rate hikes to combat inflation. Tesla shares sank after CEO Elon Musk warned of challenges with Cybertruck.

Netflix stock surged after beating earnings expectations and adding more subscribers. Microsoft gained while Apple declined.

Travelers lagged on the Dow after its earnings report. Verizon and Salesforce rallied following positive quarterly results.

Tesla missed earnings views and Elon Musk warned of economic challenges hurting EV sales. The stock plunged below its 50-day moving average.

HealthEquity, Vistra and Cencora are building bases and moving toward potential buy points, worth watching despite market weakness.