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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 Strikes Claim Lives in Gaza: A Tragic Day for Al-Shati and Al-Tuffah

 

In a devastating turn of events, Israeli attacks on districts of Gaza City have left at least 42 people dead, according to Ismail Al-Thawabta, the director of the Hamas-run government media office. The violence unfolded on Saturday, with one strike targeting houses in Al-Shati, one of Gaza’s historic refugee camps, resulting in the loss of 24 lives. An additional 18 Palestinians were killed in a separate strike on houses in the Al-Tuffah neighborhood.

The Israeli military has confirmed its involvement, stating that fighter jets struck two Hamas military infrastructure sites in the area of Gaza City. Further details are expected to emerge soon. The situation remains tense, and the toll on civilian lives is deeply tragic.

Our thoughts are with the affected families during this difficult time. The conflict continues to escalate, and the international community must urgently seek a peaceful resolution to prevent further loss of life.

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