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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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Orange Chicken

 

 Ingredients:

Chicken:

  - 2 pounds boneless, skinless chicken thighs, cut into bite-sized pieces

  - 1/2 cup cornstarch

  - Salt and pepper to taste

  - Vegetable oil for frying


Orange Sauce:

  - 1/2 cup orange juice

  - Zest of 1 orange

  - 1/4 cup soy sauce

  - 1/4 cup rice vinegar

  - 1/4 cup sugar

  - 2 tablespoons honey

  - 2 tablespoons hoisin sauce

  - 1 tablespoon cornstarch mixed with 2 tablespoons water (slurry)

  - 2 cloves garlic, minced

  - 1 teaspoon ginger, minced

  - 1 teaspoon red pepper flakes (optional for a bit of heat)


Instructions:

1.  Prepare the Chicken:

   - Season the chicken pieces with salt and pepper.

   - Dredge each piece in cornstarch, ensuring they are fully coated. Shake off any excess.


2.  Fry the Chicken:

   - Heat vegetable oil in a large skillet or wok over medium-high heat. 

   - Fry the chicken pieces in batches until golden and crispy (about 3-4 minutes per side).

   - Remove the fried chicken from the oil and place on a paper towel-lined plate to drain excess oil.


3.   Make the Orange Sauce:

   - In a separate saucepan, combine the orange juice, orange zest, soy sauce, rice vinegar, sugar, honey, hoisin sauce, garlic, and ginger.

   - Bring to a boil over medium heat, then reduce the heat and let it simmer for about 5 minutes.

   - Stir in the cornstarch slurry and continue to cook until the sauce has thickened.


4.   Combine and Serve:

   - Toss the fried chicken pieces in the orange sauce until they are well coated.

   - Serve hot, garnished with orange slices, green onions, and sesame seeds if desired.






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