"US Futures Soar Following Strong February Jobs Report"

Stocks pulled back after a powerful rally led by big tech names, as the February jobs report showed an uptick in the unemployment rate, bolstering investor confidence in a potential Federal Reserve rate cut. SEC Chair Gary Gensler warned about cryptocurrency volatility as bitcoin surged to a new all-time high. Apple stock saw a pop after being oversold, while tensions between Elon Musk and OpenAI escalated. The jobs report supported the case for a rate cut later this year, and RealPage expects muted rent growth in 2024. Costco's unique business moves continue to drive investor confidence.