Investing.com - U.S. stock futures edged higher on Friday, pointing to a modest rebound after Wall Street suffered its steepest decline in three weeks in the previous session, as investors weighed a renewed rise in Treasury yields and a fresh rally in cryptocurrency-related stocks.

By 05:53 ET (09:53 GMT), the Dow futures contract had gained 165 points, or 0.3%, S&P 500 futures had risen 25 points, or 0.3%, and Nasdaq 100 futures had advanced 186 points, or 0.6%.

In individual stock moves, Ross Stores shares surged nearly 9% in premarket trading after the discount retailer raised its annual earnings forecast and projected quarterly comparable-store sales growth above Wall Street expectations, suggesting resilient demand for value-oriented merchandise despite an uncertain economic backdrop.

Ross raised its full-year earnings-per-share forecast to $8.61-$8.77, from its previous range of $7.50-$7.74. The company expects comparable-store sales to rise 6%-7% in the third quarter and 4%-5% in the fourth quarter, ahead of analysts’ expectations for growth of 3.1% and 2.6%, respectively.

Second-quarter revenue rose about 13% year over year to $6.26 billion, topping estimates of $6.18 billion, according to LSEG data. Shares were last up 8.6% at $248.77 after falling more than 3% over the previous two sessions.

O-I Glass shares climbed 6.6% before the open after Citi upgraded the glass-container maker to Buy from Neutral and raised its price target to $9 from $8. The move marks a reversal after Citi had cut its target on the stock several times this year.

The upgrade comes after a steep selloff in O-I Glass, with shares down more than 52% over the past 12 months and trading close to their 52-week low of $6.29. Citi’s call suggests the bank now sees the stock’s depressed valuation as offering a more attractive risk-reward profile.

At the other end of the spectrum, Flowers Foods shares fell 4.2% in premarket trading after the packaged bakery company reported weaker-than-expected second-quarter results following Thursday’s closing bell.

Flowers reported adjusted diluted earnings of $0.21 per share for the 12-week quarter ended July 18, below the $0.24 consensus estimate. Revenue of $1.19 billion also missed expectations of about $1.24 billion, while adjusted EBITDA fell 19.2% to $111.3 million. The latest decline adds to a broader selloff that has already cut the stock’s value by more than half over the past year.

Meanwhile, cryptocurrency-linked stocks rallied as Bitcoin extended its rebound, with investors taking encouragement from President Donald Trump’s call for lawmakers to establish clearer rules governing digital assets.

Bitcoin jumped 8.9% to $78,135.60, briefly touching $79,600.60, breaking above the roughly $60,000-$70,000 range in which it had traded for much of 2026.

The move lifted a broad group of crypto-related stocks. Strategy rose 10.2% in premarket trading, while Coinbase gained 6.8% and Circle Internet Group added 6.4%. MARA Holdings climbed 5.4%, Galaxy Digital rose 5%, Robinhood Markets gained 4.7%, Riot Platforms advanced 3.7% and Hut 8 added 2.4%.

The gains in crypto-linked equities come as investors look for signs that the recent weakness in broader risk assets may be temporary, although elevated Treasury yields remain a key source of pressure for growth and technology stocks.