U.S. tech stocks surged as the probability of a December Federal Reserve rate cut increased to 60%, boosting market sentiment. The Nasdaq index rebounded strongly, driven by reports that the U.S. may permit Nvidia to sell its H200 chips in China, enhancing tech sector optimism. The Nasdaq's recovery followed a failed attempt to break below its October low, with key technical levels identified at 24,300 for support and 24,600 as a potential breakout point. Traders are also eyeing upcoming economic data, including ADP employment figures and consumer confidence reports, as the market heads into a holiday-shortened week.