The Nasdaq 100 Technology Index .NDXT jumped 1.8% to $9,048.02, as gains in chipmakers including Broadcom helped the index outperform broader markets that fell on uncertainty about the timing of interest rate cuts
By comparison, the Nasdaq Composite .IXIC fell 0.4% and the S&P 500 .SPX was flat
TOP TECH NEWS
** Broadcom AVGO.OQ up 7.2% at $1,012.08 - Citigroup resumes coverage of Broadcom with a "buy" rating, citing strength in the company's core business and growth from VMware acquisition
** Globalfoundries GFS.OQ up 4.9% at $55.07 - Names semiconductor industry veteran John Hollister as its finance chief
** U.S.-listed shares of JD.Com shares JD.O down 2.9 at $25.69 - Removed from the Nasdaq 100 index in annual reshuffle
TECH STOCKS TO WATCH
** Netflix NFLX.O up 2.9% at $466.68 - Guggenheim raises target price to $500 from $460 while keeping forecasts for fourth-quarter and 2024 largely unchanged
** Lucid Group LCID.O down 3.2% at $4.58 - Removed from the Nasdaq 100 index
** Zoom Video Communications ZM.O up 0.4% at $73.35 - Removed from the Nasdaq 100 index
#MEMEWATCH - TOP TRENDING, ACCORDING TO STOCKTWITS.COM
** Paramount Global PARA.O down 2.9% at $16.36 - Posts on X suggest Loop Capital downgraded the stock
** Snap Inc SNAP.N up 4% at $15.70 - Posts on X indicate Wells Fargo upgraded the stock
** Pinterest PINS.N up 1.5% at $35.44 - Posts on X suggests RBC Capital upgraded the stock to "outperform" from "sector perform"
(Reporting by Medha Singh)