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Wall Street Futures Surge as Fed Hints at More Cuts, Nvidia’s $5B Intel Bet Lifts Tech

  U.S. stock futures climbed on Thursday, with the Nasdaq leading gains, after the Federal Reserve cut interest rates by 0.25 percentage points and signaled two more reductions could follow in 2025. Dow Jones Industrial Average futures rose 0.7%, S&P 500 futures gained 0.8%, and Nasdaq 100 futures jumped 1.2%, buoyed by a sharp rally in tech stocks. Intel shares surged nearly 30% in premarket trading after Nvidia announced a $5 billion investment in the struggling chipmaker, though the deal stops short of a manufacturing partnership. The Fed’s move, aimed at supporting a slowing economy amid high inflation and a weakening labor market, initially sparked caution, but optimism returned as investors bet on a more accommodative policy path. If gains hold, the S&P 500 is set to open above 6,700 for the first time, extending September’s unexpected rally. Traders are now watching weekly jobless claims for further clues on the labor market, while corporate earnings — including ...
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Israel Explores New Governance Options for Gaza Amid Ongoing Conflict


Israel is currently exploring the possibility of establishing an alternative local governing body for Gaza, according to Defense Minister Yoav Gallant. The goal is to move beyond Hamas, but the specifics of who might replace them remain uncertain. This initiative comes amid new uncertainty in the ongoing eight-month war. Israeli Prime Minister Benjamin Netanyahu faces pressure from various quarters, including calls to accept a new cease-fire deal proposed by U.S. President Joe Biden. Meanwhile, far-right allies threaten to destabilize his government if he agrees to the deal. Gallant, a member of Israel’s three-member War Cabinet, has advocated for a detailed postwar plan for Gaza. He stated that the framework for this alternative governance involves isolating certain areas, removing Hamas operatives, and introducing other forces that could facilitate the formation of a new governing body.

In a related development, Israel is seeking Palestinians who are not affiliated with Hamas to manage civilian affairs in planned “humanitarian pockets” within the Gaza Strip. These pockets are designed as testing grounds for postwar administration of the enclave. While the situation remains complex and fluid, efforts to find alternatives to Hamas continue as the conflict persists.


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