Markets priced in higher odds of another Federal Reserve rate hike in December, with CME FedWatch showing the probability rising above 70%. Tech shares came under pressure amid concerns over the durability of AI capital spending and chip-sector warnings, including Cerebras lowering its profit-margin outlook and Micron sliding 3.2% premarket. The Nasdaq fell 0.37% and the S&P 500 declined 0.12%. Oil slid to its lowest since the start of the Iran war, lifting airline stocks, but not enough to offset the drag from technology.