US stock futures pushed higher on Friday as Wall Street counted down to Federal Reserve Chair Jerome Powell’s highly anticipated speech at Jackson Hole.

Dow Jones Industrial Average futures (YM=F) rose 0.3%, while S&P 500 futures (ES=F) moved up 0.2%. and contracts on the tech-heavy Nasdaq 100 (NQ=F) rose 0.1% — all on the heels of another downbeat day for stocks.

The S&P 500 (^GSPC) is currently seeing a five-day losing streak as tech stocks got beaten up by AI trade doubts. The US benchmark indexes are on track for a weekly loss.

All eyes are on Jackson Hole for whether Powell signals an interest-rate cut is coming next month, amid division among Fed rate-setters about the path of policy. His remarks are likely to shake up rate-cut bets, already on the wane after a weak monthly jobs report. Traders are losing faith in an easing in September, pricing in about 70% odds of a cut on Friday, compared with 85% a week ago.

The Fed chair is also expected to lay out changes to the central bank’s framework review when he speaks at 10 a.m. ET — potentially shaping monetary policy for years to come.

The White House will be watching as closely as Wall Street as President Trump continues to push the Fed and Powell to lower rates. Trump this week opened a new front in his public pressure campaign, with a call for the resignation of Fed governor Lisa Cook for alleged mortgage fraud.

On the earnings front, Zoom (ZM) popped in premarket after reporting an AI boost, and Ross Stores (ROST) jumped as shoppers seek discounts amid tariffs. Intuit (INTU) and Workday (WDAY), meanwhile, slid.

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