▸ US stocks rebound after tumul­tu­ous week on indic­a­tion of Fed rate cut

▸ Nas­daq climbs after swinging between gains and losses as tech shares fal­ter

▸ European bourses fall, dragged down by Stoxx tech­no­logy sub-index

US stocks reboun­ded at the end of a week marked by erratic trad­ing, after a top Fed­eral Reserve offi­cial lif­ted Wall Street’s hopes for a Decem­ber rate cut.

The tech-focused Nas­daq Com­pos­ite rose 1 per cent in choppy after­noon trad­ing in New York, with the broader S&P 500 1.2 per cent higher.

The moves came after the Nas­daq dropped 2.2 per cent in the most tur­bu­lent trad­ing ses­sion since Pres­id­ent Don­ald Trump’s “lib­er­a­tion day” tar­iff announce­ment sparked huge mar­ket gyr­a­tions in April.

Wor­ries about elev­ated valu­ations for Big Tech groups, which have ral­lied this year, and dimin­ish­ing expect­a­tions that the Fed will cut rates next month have promp­ted sharp pull­backs in recent weeks.