Stocks Pause Rally as Investors Await Key Jobs Data

U.S. stocks are expected to open lower as investors remain cautious ahead of key payroll data, with futures of major indices slightly down. Concerns are heightened by Federal Reserve Chair Jerome Powell's comments on the economy's strength and potential rate cuts. Bitcoin's recent rally past $100,000 is seen as a positive indicator for equities, while some analysts warn of risks if the Fed delays rate cuts. Meanwhile, stocks like Lululemon and Ulta Beauty surged in premarket trading after strong earnings reports.