Wall Street paused on Thursday after tech gains, S&P 500 and Nasdaq hit new highs. Dollar and bond yields held steady. Fed Chair Powell emphasized rate cuts unlikely with low unemployment. Tech juggernaut shows no signs of slowing. Meta and Microsoft drive market, global indices turn red. Tariffs impact BRICS countries most. Unemployment rate key for Powell’s rate decisions. Labor market resilience hinders rate cuts, inflation remains above target. Markets react to Powell’s hawkish tone. Fed rate cut probability now a coin toss. Powell’s last rate cut as Fed Chair uncertain. Friday’s focus on U.S. employment data. Tomorrow’s market movers include U.S. non-farm payrolls and earnings reports.

Read more at Yahoo Finance: What stops the tech juggernaut?