07:03 AM EDT, 08/13/2025 (MT Newswires) -- Wall Street futures were tracking higher premarket Wednesday, driven by optimism over the Federal Reserve's possible interest rate cut in September.

The S&P 500 and Nasdaq were both 0.2% higher and the Dow Jones was up 0.3%.

Asian exchanges closed in the green, while European bourses were also advancing midday.

Early movers include CoreWeave (CRWV), with shares down more than 9% in recent premarket activity after the company posted a Q2 loss that missed analyst expectations. Meanwhile, Venture Global (VG) stock was up more than 13% following an arbitration win against Shell (SHEL).

Venture Global, Elbit Systems (ESLT), and Performance Food Group (PFGC) are set to release their quarterly reports early Wednesday.

On the economic calendar, Richmond Federal Reserve Bank President Thomas Barkin speaks at 8 am ET and the EIA Petroleum Status Report is due at 10:30 am ET.

In premarket action, Bitcoin traded at $120,454, West Texas Intermediate crude oil traded lower at $62.65, and 10-year US Treasuries offered 4.25%. Spot gold traded for $3,364.97 an ounce.