08:22 AM EDT, 08/22/2025 (MT Newswires) -- US stock futures are tracking higher in Friday's premarket session as investors look ahead to Federal Reserve Chair Jerome Powell's speech at the Fed's annual economic symposium in Jackson Hole, Wyoming, at 10 am ET.

The Dow Jones Industrial Average futures were up 0.27%, S&P 500 futures rose 0.18%, and Nasdaq futures were 0.12% higher.

Traders will be parsing Powell's comments for any indication of a reduction in the central bank's benchmark lending rate at its meeting in September. Boston Fed President Susan Collins' remarks are due at 9 am.

Markets are currently pricing in a roughly 71% probability that the Federal Open Market Committee will reduce interest rates by 25 basis points next month, down from 75% on Thursday, with the remaining odds in favor of another pause, according to the CME FedWatch tool.

Oil prices were moving higher, with front-month global benchmarks Brent crude and West Texas Intermediate crude rising 0.15% and 0.27% respectively.

In equities, Greenwave Technology Solutions ( GWAV ) shares surged 20% in Friday's premarket session after tumbling 46% in Thursday's session following the announcement of a 1-for-110 reverse stock split late Wednesday to regain its minimum bid price listing requirement with Nasdaq. Shares of Ross Stores ( ROST ) were up 2.4% after it reported lower Q2 earnings and higher revenue late Thursday for the quarter ended Aug. 2. And shares of Ulta Beauty ( ULTA ) were up 1.6% following a Wednesday report from UBS that the company is likely to post solid Q2 fundamentals amid strong top-line momentum.

On the losing side, shares of Intuit (INTU) dropped 6.3% after its price target was lowered by multiple analyst firms Friday morning. Workday (WDAY) shares fell 4.9% after saying late Thursday it agreed to acquire AI company Paradox. And Super Micro Computer ( SMCI ) stock was down 1.5% after declining 0.70% on Thursday.