Spirit Airlines, Rivian, Evgo fall premarket; Abercrombie & Fitch rises

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 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. 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. Palantir (NYSE:PLTR ) stock rose 0.8% after Barron’s reported that chairman Peter Thiel had completed selling stock in his latest trading plan. 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. Chubb (NYSE:CB ) stock fell 1% after Bank of America downgraded its stance on the insurer to “underperform” from “neutral”. 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. 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. 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.

Source: Investing.com