Reported 3 days ago
In a recent market update, Wall Street saw a pause following a tech surge that elevated the S&P 500 and Nasdaq to record highs. Analysts point to the resilience of the U.S. labor market and Federal Reserve Chair Jerome Powell's insistence on keeping rates steady as major factors limiting potential market easing. Despite challenges like rising inflation and tariff impacts, big tech continues to thrive, with companies like Microsoft and Meta demonstrating significant growth. As market uncertainties loom, particularly regarding employment data, the potential for rate cuts remains murky, underscoring the delicate balance of economic indicators.
Source: YAHOO