Wall Street boosted by resurgent demand on tech sector

U.S. equities rose on Tuesday as renewed demand for technology stocks and crypto-linked names supported broader market sentiment following gains in digital assets.

Investors are awaiting two key releases this week: the U.S. jobs report for last month and the September reading of the core Personal Consumption Expenditures index, the Federal Reserve’s preferred inflation gauge.

Market pricing now assigns an 85% probability that the Fed will cut its benchmark interest rate by 25 basis points at its December 9–10 meeting, up from 63% a month ago.

Tech shares had recently come under pressure amid persistent uncertainty surrounding valuations in the artificial-intelligence sector.

As of 17:06 GMT, the Dow Jones Industrial Average rose 0.3% (160 points) to 47,449. The S&P 500 gained 0.1% (9 points) to 6,822, while the Nasdaq Composite advanced 0.5% (109 points) to 23,384.