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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...
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Canada Women’s Soccer Team Triumphs Over Colombia to Reach Quarter-Finals

 

In a thrilling match at the 2024 Paris Olympics, the Canada women’s soccer team secured a crucial victory against Colombia, advancing to the quarter-finals. The match, held at the Stade de Nice, saw Canada clinch a 1-0 win, continuing their impressive run in the tournament.

Despite facing challenges, including a points deduction earlier in the competition, the Canadian team displayed resilience and determination. The lone goal of the match came from a well-executed play, showcasing the team’s skill and coordination.

With this victory, Canada maintains its hopes of defending its Olympic gold from Tokyo 2021 and aims to reach the medal podium for the fourth consecutive time. The team will now prepare for the knockout stages, with the quarter-finals set to begin on Saturday.

Stay tuned for more updates as the excitement at the Olympics continues!


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