Stock market today: Dow, S&P 500, Nasdaq poised to fall after Powell dashes rate-cut hopes

The drop in stock futures indicates a continued cautious sentiment in the market, largely driven by Powell's remarks about interest rates. Stocks sensitive to interest rate changes and those anticipating growth in the coming months are likely to face pressure in the near term due to this outlook. Investors might look for sectors that can withstand economic pressure or exhibit strong fundamentals regardless of rate cuts.

The rise in shares of Domino's Pizza and Pool Corp suggests potential strength in these stocks amidst broader market weakness. Berkshire Hathaway's investment may signal value or growth potential that could attract further investments. However, overall market pressure can still affect their short-term performance, so caution is advised.

Amid concerns regarding rate cuts and the Fed's stance, stocks in the technology sector (like NASDAQ constituents) may see continued selling pressure. Investors should be careful with tech stocks as they could decline more sharply in response to rising interest rates.