Wall Street faced a turbulent day as investors reacted to Federal Reserve Chair Jerome Powell’s recent commentary. The central bank signaled that it would be less aggressive in cutting interest rates than previously anticipated, causing a wave of concern across financial markets.

In a whirlwind of stock market movements, several major companies experienced dramatic shifts in premarket trading. Here’s what happened: Micron Technology suffered a significant drop, sliding nearly 13% after the chipmaker’s second-quarter outlook disappointed investors. Despite hitting first-quarter revenue expectations and surpassing