Helping limit losses, technology stocks .SPTTTK added 1.0% as shares of ShopifySHOP.TO jumped 3.7% after the e-commerce platform reported strong Black Friday sales data. "This data release will be important to watch because although interest rates have likely peaked and inflation is continuing to fall sharply, the Fed has not let up on their hawkish commentary," said Brandon Michael, senior investment analyst at ABC Funds. Despite the recent weakness, the benchmark index is eyeing sharp monthly gains on the back of rallying technology stocks as hopes grow that global interest rates have peaked.