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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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Trudeau to Reshuffle Cabinet Amid Ministerial Departures

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Prime Minister Justin Trudeau is preparing for another cabinet shuffle following the announcement that four more federal ministers will not seek re-election. This move comes at a time when Trudeau’s leadership is facing increasing scrutiny.

The ministers stepping down include Filomena Tassi, who cited personal reasons for her decision. This reshuffle is expected to address the gaps left by these departures and ensure the government remains focused on its priorities.

The upcoming changes are part of Trudeau’s ongoing efforts to refresh his team and maintain stability within his administration as the next election approaches.


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