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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 Warns Gaza Food Relief Still Faces Major Hurdles

 

Palestinians gather to receive food from a charity kitchen amid a ceasefire between Israel and Hamas, in Khan Younis in the southern Gaza Strip.


The United Nations reports that food supplies in Gaza have shown signs of improvement since the recent truce, but the situation remains far from stable. Aid deliveries have increased, allowing more families to access basic staples such as flour, rice, and canned goods. However, humanitarian officials caution that the current flow of aid is insufficient to meet the needs of the population, with many communities still struggling to secure consistent meals.

The UN emphasizes that while the truce has opened vital humanitarian corridors, logistical challenges, damaged infrastructure, and limited distribution capacity continue to hinder relief efforts. Officials stress that sustained access and expanded aid operations are essential to prevent further deterioration of food se

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