Skip to main content

Featured

Wall Street Futures Edge Higher as Soft Jobs Data Fuels Rate-Cut Hopes

  US stock futures ticked upward on Wednesday, extending Wall Street’s rebound as investors digested a weaker-than-expected ADP employment report. The data showed a surprise decline in private-sector payrolls, reinforcing expectations that the Federal Reserve may move forward with an interest rate cut at its upcoming December meeting. Market Performance Dow Jones Industrial Average futures rose about 0.2%, adding 80 points to 47,624. S&P 500 futures gained 9.25 points to 6,849.50, up 0.14%. Nasdaq 100 futures advanced 25.50 points to 25,631.50, a 0.10% increase. Key Drivers The ADP jobs report revealed a drop in private-sector employment, signaling cooling labor market conditions. This bolstered investor confidence that the Fed will ease monetary policy, with markets pricing in nearly 88% odds of a rate cut next week. Tech stocks continued to provide momentum, with Nvidia and Marvell edging higher. Crypto-linked stocks surged, with PMAX up 67%, CMCT up 30%, a...
Post a Comment
Read more

article

Labels

Gaza Under Siege: Rafah Faces Intensified Israeli Airstrikes

 

In a significant escalation of hostilities, Israel has increased its airstrikes on the Gaza Strip’s Rafah region, resulting in the death of at least six Palestinians. The Israeli military has declared its intention to evacuate civilians from the border city and launch a full-scale assault, despite international warnings of potential mass casualties.

Key Points:

  • Airstrike Aftermath: Overnight airstrikes targeted Rafah, killing six, including a journalist, and resuming bombardment across Gaza.
  • Civilian Exodus: Warnings of an invasion have prompted some families to flee Rafah, though many remain uncertain of safe destinations.
  • Humanitarian Concerns: International pleas urge restraint to prevent a humanitarian disaster in Rafah, densely populated with displaced civilians.
  • Conflict Toll: The ongoing conflict, now in its seventh month, has resulted in over 34,000 Palestinian casualties and widespread displacement.

The situation remains tense as the international community calls for a de-escalation of violence and protection for the innocent caught in the crossfire. The war’s impact continues to devastate Gaza, raising fears of further humanitarian crises.

Labels:

Comments

Post a Comment