Stocks will get a boost if the Fed is able to cut interest rates by 50 bps without spurring growth fears, Morgan Stanley says.

SolarEdge Technologies is down 5% after shares of the solar-power-equipment maker were downgraded to Underperform from Hold at Jefferies and the price target cut to $17 from $27. S&P 500 futures are up 0.3%. Dow Jones Industrial Average futures are adding 0.2%.

Asian stocks are mixed after U.S. stocks pulled closer to their records on economic reports that came in close to expectations.