U.S. stock futures were largely unchanged on Friday as traders remained cautious ahead of the closely watched monthly jobs report, which is expected to set expectations for future Fed rate cuts.
Here are some of the biggest U.S. stock moves in premarket today
Spirit Airlines (NYSE:SAVE) stock slumped 37% after Bloomberg reported that the airline’s attempts to restructure its debt and avoid filing for bankruptcy have stalled after talks with bondholders failed to produce an agreement.
Rivian (NASDAQ:RIVN) stock fell 9.2% after the electric car maker cut its full-year production forecast and delivered fewer vehicles than expected in the third quarter as the startup struggled with a parts shortage.
Palantir (NYSE:PLTR) stock rose 0.8% after Barron’s reported that Chief Executive Peter Thiel completed selling shares in his latest trading plan.
Abercrombie & Fitch (NYSE:ANF) stock rose 2.8% after JPMorgan added the apparel retailer to its Positive Catalyst Watch List on increased earnings and revenue growth expectations.
Chubb (NYSE:CB) stock fell 1% after Bank of America downgraded its rating on the insurer to underperform from neutral.
CVS Health (NYSE:CVS) stock rose 1.8% after TD Cowen upgraded its rating on the pharmacy chain to buy from hold, citing greater confidence in CVS delivering double-digit EPS growth in 2025.
Evgo (NASDAQ:EVGO) stock fell 3.6% after rising 60% in the previous session after the company was offered a conditional loan guarantee of up to $1.05 billion to help it expand public electric vehicle charging infrastructure across the country.
Archer-Daniels-Midland Company (NYSE:ADM) shares rose 0.5% after the grain trader said it was shutting down its only soybean processing plant in Iowa for several weeks in the middle of a bumper U.S. crop.
At Bro In Finance, we are committed to helping traders navigate the complexities of the forex market. Our in-depth analysis, expert insights, and advanced tools empower you to make informed decisions and achieve your trading goals. Whether you’re a beginner or an experienced trader, Bro In Finance is your trusted partner in mastering the forex market. Visit our website for more trading tips and strategies to enhance your trading experience.
Check out our on Best Forex Brokers to know more about this topic
Check out the most crucial steps that you need to take when choosing your forex broker
Have you heard about an amazing Broker Platform called “AVATRADE“? We at Bro In Finance do recommend this amazing broker.
Check out here to figure out the best funded trader program: Which Funded Challenge is Best
Reference;
Nurse, P. (2024) Spirit Airlines, Rivian, Evgo fall premarket; Abercrombie & Fitch rises By Investing.com, Investing.com. Investing.com. Available at: https://www.investing.com/news/stock-market-news/spirit-airlines-rivian-evgo-fall-premarket–abercrombie–fitch-rises-3649037 (Accessed: 4 October 2024).
