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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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Gaza Ceasefire Commences After Delay, Hopes Rise for Peace and Hostage Release

 

After a tense delay, a long-awaited ceasefire between Israel and Hamas has finally come into effect in the Gaza Strip. The ceasefire, which was initially set to begin at 8:30 a.m. local time, was delayed by three hours due to disagreements over the release of hostages. The truce, which started at 11:15 a.m., aims to halt the ongoing violence and facilitate the gradual release of hostages held by Hamas.

The ceasefire deal, brokered by the United States, Qatar, and Egypt, is seen as a significant step towards ending the 15-month conflict that has resulted in the deaths of over 46,800 Palestinians and extensive destruction in Gaza. The agreement includes the release of 33 Israeli hostages in exchange for 1,904 Palestinian prisoners and detainees.

Despite the delay, celebrations erupted across Gaza as some Palestinians began returning to their homes. The ceasefire is expected to bring much-needed humanitarian aid to the war-torn region, with 600 trucks of aid set to enter Gaza daily.

The first phase of the ceasefire will see the release of three female hostages later on Sunday, with additional hostages expected to be freed in the coming days. The hope is that this ceasefire will pave the way for lasting peace and reconciliation in the region.



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