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Wall Street Futures Climb on Fed Cut Hopes as Bitcoin Extends Steep Decline

US markets staged a rebound Friday morning, with futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq all moving higher after a turbulent week. The rally was fueled by growing bets that the Federal Reserve could cut interest rates at its upcoming December meeting, following dovish comments from New York Fed President John Williams. His remarks shifted sentiment sharply, with nearly 70% of traders now expecting a rate cut. Dow futures gained 0.7% , leading the advance. S&P 500 futures rose 0.5% , while Nasdaq futures added 0.4% . The optimism comes after Thursday’s sharp sell-off, underscoring the volatility gripping markets as investors weigh AI-driven risks and Fed policy divisions. Meanwhile, cryptocurrencies continued to struggle. Bitcoin plunged to around $82,000 , marking its worst month since the 2022 crypto collapse. The decline reflects heavy institutional outflows, miner sell-offs, and broader risk-off sentiment across digital assets.

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Israeli Air Force Strikes Deep Inside Lebanon After Hezbollah Downs a Drone

 


The Israeli military has carried out airstrikes deep inside Lebanon, targeting positions of the militant Hezbollah group. Residents near the northeastern city of Baalbek reported explosions as the strikes hit their mark. According to a Hezbollah official, at least two people lost their lives in these attacks.

These strikes represent some of the most significant military actions within Lebanon since the Israel-Hamas conflict began over four months ago. The situation escalates further as Israel’s Defense Minister, Yoav Gallant, pledges to intensify operations against Hezbollah, even if a ceasefire is reached with Hamas in the Gaza Strip. The timing of these strikes, coming shortly after Hezbollah claimed to have shot down an Israeli drone, adds to the mounting tensions along the Lebanon-Israel border.

The incident underscores the delicate balance in the region, where geopolitical rivalries and historical animosities continue to shape events. As talks for a Gaza ceasefire unfold, the situation in Lebanon remains volatile, with both sides closely monitoring developments.

In the aftermath of these airstrikes, questions arise about the potential ramifications for regional stability. The international community watches closely, hoping for de-escalation and a path toward lasting peace. However, the events of today serve as a stark reminder that the Middle East remains a complex and fragile theater of conflict.


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