Tech's relief rally extends as attention turns to tough decisions for the Fed
Source: CNBC ·
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This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Hello, this is Leonie Kidd with today's edition of Morning Squawk. The Anthropic effect is lifting the Nasdaq for a second day, after providing a boost to global technology stocks overnight. The Fed is also in focus, as predictions of a hawkish hold at its meeting this week will almost certainly pave the way for a hike in December. Investors look set to get a second day of gains from the tech sector, as the optimism around Anthropic's game-changing IPO announcement continues to support the sector. This comes after the announcement helped fuel a rally across AI-related stocks in Asia and Europe. Its blockbuster listing on the Nasdaq next month will test investors' appetite following the most significant moment of buyer's remorse for the AI space, after the debt-fueled capex super cycle triggered a rout in the AI darlings over the last few weeks. Competing for the market's attention – the…