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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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Farmers' Protest Escalates as Police Clash with Marchers in India

 

Tensions flared as Indian police clashed with hundreds of farmers marching towards New Delhi to demand guaranteed crop prices. The protest, reminiscent of the 2021 demonstrations, saw tear gas and barricades deployed by authorities at the Shambhu border crossing between Punjab and Haryana.

Farmers, who began their march from Haryana and Punjab, are seeking legal guarantees for minimum support prices (MSP) for over 20 essential crops. The government's current policy protects only rice and wheat prices, leaving farmers struggling with rising cultivation costs and stagnant incomes.

The authorities have suspended internet services in some Haryana districts to hinder communication among protesters. Despite the heavy security measures, farmers remain resolute, vowing to continue their march until their demands are met.

The situation remains tense as both sides stand their ground, with farmer leaders criticizing the government's lack of progress on promises made in 2021. The farmers' determination underscores the ongoing struggle for fair agricultural policies in India.



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