08:57 AM EDT, 08/22/2025 (MT Newswires) -- US stocks are set to open higher in Friday's trading 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.

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 hints as to whether the central bank's benchmark lending rate will remain unchanged or be lowered at its September meeting.

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

Oil prices were moving higher, with front-month global benchmarks Brent crude and West Texas Intermediate crude rising 0.10% and 0.25% respectively.

In other world markets, Japan's Nikkei edged 0.05% higher, Hong Kong's Hang Seng rose 0.93%, and China's Shanghai Composite climbed 1.45%. Meanwhile, European markets were relatively flat during the early afternoon session as the UK's FTSE 100 was up 0.04%, Germany's DAX was off 0.01% and France's CAC 40 gained 0.07%.

In equities, shares of Incannex Healthcare ( IXHL ) surged 32% in the premarket session after it said Friday that its board has approved a $20 million share repurchase program. Greenwave Technology Solutions ( GWAV ) shares climbed 15% after tumbling 46% Thursday following its announcement of a 1-for-110 reverse stock split late Wednesday. Generation Income Properties ( GIPR ) advanced 11%, adding to a 2.6% gain the previous session. DDC Enterprise ( DDC ) shares rose 6.9% after increasing 29% on Thursday. And OS Therapies ( OSTX ) stock was up 6.7%, adding to its 10% gain on Thursday.

On the losing side, shares of ETHZilla ( ETHZ ) plunged 38%, adding to an 8% loss on Thursday. Shares of Aptorum Group (APM) tumbled 34%, giving back some of its 235% gain from the previous day. AirNet Technology ( ANTE ) shares shed 10% after saying Friday that it launched a $180 million registered direct offering. Intuit's (INTU) stock dropped 6.3% after its price target was lowered by multiple analyst firms Friday morning. And Workday (WDAY) shares fell 5% after it said late Thursday that it agreed to acquire AI company Paradox.