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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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UN Halts Aid Shipments Through Gaza’s Main Crossing Over Safety Concerns

 

The United Nations Relief and Works Agency (UNRWA) has announced the suspension of aid deliveries through the Kerem Shalom crossing, Gaza's primary cargo route, citing severe safety concerns. Philippe Lazzarini, the head of UNRWA, stated that the decision was made due to the threat posed by armed gangs who have looted recent aid convoys.

The suspension comes amid a deepening humanitarian crisis in Gaza, exacerbated by the cold, rainy winter and the ongoing conflict. Experts have already warned of potential famine in the northern parts of Gaza, which have been almost completely isolated by Israeli forces since early October.

Lazzarini pointed out that the route leading to Kerem Shalom has become too dangerous, with nearly 100 trucks being looted in mid-November and another smaller shipment stolen just recently. He also criticized Israeli policies, claiming they have contributed significantly to the breakdown of law and order in Gaza.

The suspension of aid shipments is expected to worsen the already dire situation in Gaza, where hundreds of thousands of Palestinians are living in squalid tent camps and relying heavily on international food aid.



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