Investing.com -- US stock futures traded largely unchanged Friday, with traders wary ahead of the widely-watched monthly jobs report to set expectations for future Fed rate cuts.
Here are some of the biggest premarket US stock movers today
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Spirit Airlines (NYSE:SAVE) stock slumped 37% after Bloomberg reported the carrier’s attempts to restructure its debt and avoid filing for bankruptcy have hit a snag after talks with bondholders failed to result in a deal.
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Rivian (NASDAQ:RIVN) stock fell 9.2% after the EV manufacturer slashed its full-year production forecast and delivered fewer vehicles in the third quarter than expected, as the startup grappled with a parts shortage.
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Palantir (NYSE:PLTR) stock rose 0.8% after Barron’s reported that chairman Peter Thiel had completed selling stock in his latest trading plan.
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Abercrombie & Fitch (NYSE:ANF) stock rose 2.8% after JPMorgan added the clothes retailer to its Positive Catalyst Watch list, citing raised earnings and revenue growth expectations.
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Chubb (NYSE:CB) stock fell 1% after Bank of America downgraded its stance on the insurer to “underperform” from “neutral”.
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CVS Health (NYSE:CVS) stock rose 1.8% after TD Cowen upgraded its stance on the pharmacy chain to “buy” from “hold”, seeing greater confidence in CVS seeing double-digit EPS growth in 2025.
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Evgo (NASDAQ:EVGO) stock fell 3.6%, retreating a touch after soaring 60% in the previous session after the company was offered a conditional loan guarantee of up to $1.05 billion to expand public electric vehicle-charging infrastructure across the country.
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Archer-Daniels-Midland Company (NYSE:ADM) stock rose 0.5% after the grain merchant said it’s idling its only soybean processing plant in Iowa for weeks in the thick of a record U.S. harvest.