Posted 3/5/2024, 12:56:43 PM
Stocks Pull Back from Highs As Rate Cut Uncertainty Weighs and Tech Rally Stalls
- US stock futures fell on Tuesday, pulling back from record highs
- Uncertainty over interest rate cuts and continued tech stock strength brought wariness
- Debate over whether recent tech stock gains have peaked as downbeat news saps "FOMO"
- Faith in coming Fed rate cuts took a hit after comments by Atlanta Fed president Raphael Bostic
- Target earnings beat forecasts, helping shares pop 8% in premarket trading