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Wall Street Futures Edge Higher as Soft Jobs Data Fuels Rate-Cut Hopes

  US stock futures ticked upward on Wednesday, extending Wall Street’s rebound as investors digested a weaker-than-expected ADP employment report. The data showed a surprise decline in private-sector payrolls, reinforcing expectations that the Federal Reserve may move forward with an interest rate cut at its upcoming December meeting. Market Performance Dow Jones Industrial Average futures rose about 0.2%, adding 80 points to 47,624. S&P 500 futures gained 9.25 points to 6,849.50, up 0.14%. Nasdaq 100 futures advanced 25.50 points to 25,631.50, a 0.10% increase. Key Drivers The ADP jobs report revealed a drop in private-sector employment, signaling cooling labor market conditions. This bolstered investor confidence that the Fed will ease monetary policy, with markets pricing in nearly 88% odds of a rate cut next week. Tech stocks continued to provide momentum, with Nvidia and Marvell edging higher. Crypto-linked stocks surged, with PMAX up 67%, CMCT up 30%, a...
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Israel-Hezbollah Ceasefire Holds as Lebanese Civilians Begin Returning Home


In the early hours of Wednesday, a ceasefire between Israel and Hezbollah took effect, bringing a temporary halt to over a year of conflict. The ceasefire, brokered by the United States and France, was announced by U.S. President Joe Biden and approved by Israel's security cabinet.

As the ceasefire took hold, thousands of Lebanese civilians began returning to their homes in the south, despite warnings from the Israeli military to delay their return until the area is fully secured. The agreement stipulates a 60-day period for Israeli forces to withdraw from southern Lebanon, while the Lebanese army will deploy troops to ensure Hezbollah does not rebuild its infrastructure.

The ceasefire has been welcomed by international leaders, including French President Emmanuel Macron and Canadian Prime Minister Justin Trudeau, who see it as a crucial step towards stability in the region. However, the situation remains tense, with both sides prepared to respond to any violations of the agreement.



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