Investors Eye Powell's Speech at Jackson Hole for Rate Cut Hints

U.S. stock index futures rose with anticipation over Federal Reserve Chair Jerome Powell's comments at the Jackson Hole Economic Symposium. Investors are looking for guidance on potential interest-rate cuts. Amid mixed economic data, Wall Street is recovering, and major growth stocks, including Apple and Amazon, are rebounding.

In early trading on Friday, U.S. stock index futures rose as investors awaited Federal Reserve Chair Jerome Powell's remarks at the Jackson Hole Economic Symposium. Market participants are eager for insights on possible interest-rate cuts in the U.S. economy.

This comes after minutes from the Fed's July meeting revealed that a number of policymakers were considering rate cuts in September. Powell's speech, scheduled for 10 a.m. ET, may provide further clarity on the central bank's approach to economic shifts and easing pace.

Wall Street has been recovering from steep losses earlier this month, driven by recent data signaling a gradual slowdown in the U.S. economy. At 06:53 a.m. ET, Dow E-minis rose 0.39%, while S&P 500 E-minis increased 0.58%, and Nasdaq 100 E-minis climbed 0.89%. Major tech and chip stocks also saw pre-market gains.

(With inputs from agencies.)