"In the tech sector, a classic 'buy the rumour, sell the fact' type reaction played out for Tesla and Netflix," said Tony Sycamore, market analyst at IG.
They nudged up the chance of a second increase from the Fed by November to 33%, and slightly pared back the size of rate cuts next year to just under 100 basis points. The U.S. dollar index was little changed at 100.78, after advancing 0.5% overnight, the biggest one-day gain since mid-May. The Australian dollar gave up almost all of its gains made after a strong local jobs data release to hover below 68 cents.
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