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Wall Street Futures Surge as Fed Hints at More Cuts, Nvidia’s $5B Intel Bet Lifts Tech

  U.S. stock futures climbed on Thursday, with the Nasdaq leading gains, after the Federal Reserve cut interest rates by 0.25 percentage points and signaled two more reductions could follow in 2025. Dow Jones Industrial Average futures rose 0.7%, S&P 500 futures gained 0.8%, and Nasdaq 100 futures jumped 1.2%, buoyed by a sharp rally in tech stocks. Intel shares surged nearly 30% in premarket trading after Nvidia announced a $5 billion investment in the struggling chipmaker, though the deal stops short of a manufacturing partnership. The Fed’s move, aimed at supporting a slowing economy amid high inflation and a weakening labor market, initially sparked caution, but optimism returned as investors bet on a more accommodative policy path. If gains hold, the S&P 500 is set to open above 6,700 for the first time, extending September’s unexpected rally. Traders are now watching weekly jobless claims for further clues on the labor market, while corporate earnings — including ...
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Gaza Militants Fire Rockets Into Israel Amid Escalating Conflict

In a tense escalation of the ongoing conflict, Gaza militants from the Palestinian Islamic Jihad group launched a barrage of rockets into Israel on Monday. This move came as Israeli tanks continued their advance deeper into Gaza, intensifying the fighting in the region.

The armed wing of Islamic Jihad, an Iranian-backed ally of Hamas, stated that the rocket attacks were in response to “the crimes of the Zionist enemy against our Palestinian people.” Fortunately, the volley of approximately 20 rockets caused no casualties, according to the Israeli military.

Despite Israel’s offensive aimed at neutralizing threats, militants in some parts of Gaza persistently target Israeli forces in areas previously vacated by the army. On Monday, Israeli tanks extended their incursions into the Shejaia suburb in eastern Gaza City for a fifth consecutive day. Additionally, tanks advanced further in western and central Rafah, near the border with Egypt.

As the conflict continues, casualties mount, and the heavily built-up coastal enclave lies in ruins, the situation remains highly volatile. Israel has signaled that its operation in Rafah, meant to suppress Hamas, will soon conclude. After this intense phase of the war, Israeli forces plan to focus on smaller-scale operations to prevent Hamas from reassembling.

The conflict began when Hamas-led fighters infiltrated southern Israel in October, resulting in significant loss of life and hostages taken back into Gaza. Israel’s counteroffensive has been devastating, with both combatants and civilians affected. The situation remains precarious, and international attention remains fixed on the region as tensions persist.


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