Most markets squeezed out gains Friday at the end of a strong week for equities fuelled by growing expectations that the Federal Reserve will cut interest rates again next month.

Traders took silence from New York's Thanksgiving break as a reason to have a breather and take stock of a healthy rebound from November's swoon that was sparked by AI bubble fears.

But while there is much debate on whether valuations in the tech sector are overstretched, focus this week has been firmly on the prospect of more rate cuts.

A string of top Fed officials have lined up to back a third straight reduction, mostly saying that worries over a weakening labour market trumped still elevated inflation.

Attention now turns to a range of data releases over the next week or so that could play a role in the ba

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