U.S. stock index futures edged higher on Friday with investors awaiting Federal Reserve Chair Jerome Powell's comments at the Jackson Hole Economic Symposium for clues on interest-rate cuts in the world's biggest economy.

Market Snapshot

At 08:00 a.m. ET, Dow E-minis were up 150 points, or 0.37%, while S&P 500 E-minis were up 0.54% to 5,624.25. The Nasdaq 100 E-minis were up 158.25 points, or 0.81%.

Pre-Market Movers

Chewy — The pet retailer stock advanced more than 2% on an upgrade from Piper Sandler to outperform from neutral. Piper Sandler believes gross margin expansion and efficiency gains are upside catalysts for the stock.

Peloton — Shares of the connected fitness company slid about 2.4%, a day after Peloton popped roughly 35% on   strong quarterly results   that reflected a return to sales growth for the first time in nine quarters as it slashed its costs. Peloton gave a mixed outlook for the year ahead. JPMorgan also downgraded the stock after Thursday ’ s rally.

Warby Parker — The glasses retailer jumped 6% after JMP Securities upgraded shares to outperform from market perform. The firm forecasts more constructive commentary from Warby Parker ’ s management in the quarters ahead.

Las Vegas Sands — Shares of the casino and resort company slipped 1.6% following a downgrade to neutral from buy at UBS. The investment firm cited ongoing challenges in the Macau segment recovery.  

BJ ’ s Wholesale Club — The wholesale retailer rose more than 1% on an upgrade to overweight from equal weight by Wells Fargo. The bank believes the company ’ s strategic shifts point toward fundamental progress despite disappointing second-quarter results.   

Bill.com — Shares of the packaged software company rose 3% after a stronger-than-expected report for the firm ’ s fiscal fourth quarter. Bill.com reported 57 cents in adjusted earnings per share on $344 million of revenue. Analysts surveyed by LSEG were looking for 46 cents per share on $328 million of revenue. The company also announced a $300 million stock buyback plan.

Ross Stores — Shares of the off-price retailer rallied more than 5%. The company topped earnings estimates by 9 cents a share and matched revenue estimates of $5.25 billion.

Workday — The human capital management company rallied 12.7% on better-than-expected results for the fiscal fourth quarter. Workday posted adjusted earnings per share of $1.75 on $2.09 billion in revenue. Analysts polled by LSEG had forecasted $1.65 earnings per share and revenue of $2.07 billion.  

Market News

Harris accepts Democratic nomination, vows to be a ‘ common sense ’ president who ‘ unites us ’

Vice President Kamala Harris on Thursday officially accepted the Democratic presidential nomination, vowing to unite the country and bring a practical perspective to the presidency if she is elected in November.

"I know there are people of various political views watching tonight," Harris said in her keynote address on the final night of the Democratic National Convention in Chicago.

"And I want you to know: I promise to be a president for all Americans," she said.

Skydance Demands That Paramount Stop Negotiating With Edgar Bronfman

Skydance Media is accusing Paramount ’ s special committee of directors of breaching the terms of its deal by extending the period when it can engage with other bidders for the company, according to a letter viewed by The Wall Street Journal.

"While Skydance is not currently exercising its right to terminate the Transaction Agreement, we reserve the right to do so in the future," Skydance ’ s attorneys wrote in the letter, which was sent Thursday.