Investing.com -- U.S. stock futures edged lower Friday, in subdued after Wall Street's main averages logged steep gains in the prior session on economic data which cemented expectations for a Federal Reserve interest rate cut next week.

Adobe Systems (NASDAQ:ADBE) stock rose 3.4% after the software tools provider raised its annual financial forecasts, citing solid demand for its artificial intelligence-enhanced design software tools.

RH (NYSE:RH) stock slumped 8.3% after the luxury furniture maker reported a quarterly revenue miss, with Chief Executive Gary Friedman saying that "significant inflation" will emerge this year "and accelerate into 2026 and beyond" as the furniture industry reels from tariffs.

Super Micro Computer (NASDAQ:SMCI) stock rose 6.5% after the AI tech firm announced it has begun volume shipments of its Nvidia Blackwell Ultra solutions to customers worldwide.

Microsoft (NASDAQ:MSFT) stock rose 1% after the software giant and OpenAI said they had reached a non-binding agreement over the AI start-up's plans to transition to a for-profit organization.

Warner Bros Discovery (NASDAQ:WBD) stock gained 7.7%, extending Thursday's over 28% gains following a report that indicated Paramount Skydance was preparing a bid for the Hollywood studio.

Applied Materials (NASDAQ:AMAT) stock fell 1.1% after Mizuho downgraded the tech company to "neutral" from "outperform", citing intensifying competition in China and technology transitions that could erode the company's market share.