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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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Washington Will Feel Like 107°F as Heat Grips US: Weather Watch

 

The relentless heatwave continues to affect large portions of the US, with cities and towns across the East Coast, Midwest, and lower Mississippi River valley experiencing sweltering temperatures. 

Washington, D.C., is forecasted to reach 100°F (37.8°C) on Monday, but the heat index—factoring in humidity—will make it feel closer to 107°F. Similarly, Philadelphia will hit 97°F on Monday and 100°F on Tuesday, with humidity intensifying the heat. Central Park in New York City is expected to reach 95°F, feeling like 99°F due to humidity. Chicago will also be hot, with temperatures rising to 93°F but feeling like 102°F.

In addition to discomfort, this extreme heat can impact transportation, cause airline delays, and increase energy consumption. Across the US, 25 weather stations have the chance to break records, including Ronald Reagan Washington National Airport in Virginia. Meanwhile, the West faces the risk of dry lightning, which could escalate wildfire danger in Northern California, southern Oregon, Nevada, Idaho, Wyoming, and Utah.

Stay hydrated and take precautions during this scorching weather!


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