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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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Israel to Inspect Gaza-Bound Cargo Before It Leaves Cyprus

 


In a significant development, an aid ship carrying 200 tons of food is poised to depart from Cyprus to alleviate the looming famine in the Gaza Strip. The vessel, organized by World Central Kitchen (WCK) and the Spanish charity Open Arms, will transport essential supplies such as rice, flour, lentils, beans, and canned fish and meat. The ship is expected to arrive at an undisclosed location in Gaza within the next two to three days.

The aid ship’s departure highlights the challenges of delivering humanitarian assistance to Gaza through unconventional means. Israel has often faced criticism for not doing enough to facilitate aid to the 2.3 million people in the besieged Palestinian territory. With its shallow shoreline waters and limited functioning ports, Gaza presents logistical hurdles for maritime operations. The newly established “sea highway” aims to bypass Israeli control over land shipments and provide much-needed relief.

Israel has expressed its willingness to welcome sea deliveries and has agreed to inspect Gaza-bound cargo before it leaves Cyprus. The cargo has undergone scrutiny by Cypriot officials, adhering to an approved plan. However, the exact timing of departure remains undisclosed for security reasons.

After five months of conflict, the United Nations reports that one-quarter of Gaza’s population is on the brink of starvation. Tragically, 23 people, including several children, have died from dehydration or malnutrition in the last ten days alone. As the aid ship embarks on its journey, hopes are high that it will make a meaningful impact in alleviating the dire humanitarian situation.

The international community closely watches this critical mission, hoping that it will provide a lifeline to those in desperate need. As the ship sets sail, the world holds its breath, aware that every ton of aid can make a difference in the lives of Gaza’s vulnerable population.



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