US tech stocks extend rebound
Nasdaq buoyed by investor hopes for Fed rate cut in December
Nasdaq buoyed by investor hopes for Fed rate cut in December

Doubts over December interest rate cut from Federal Reserve exacerbate jitters about high valuations

Nasdaq lower as heavyweights including Nvidia and Microsoft sustain steep falls

And the prospects for a Hassett-led Fed

Strong earnings and AI spending plans help investors shrug off fallout from Middle East conflict

S&P 500 and Nasdaq post longest runs of monthly gains in years

Weak private sector jobs data adds to nerves over elevated valuations for AI-linked companies