US Stock Futures Remain Unchanged

US stock futures traded largely unchanged on Friday, as traders remained cautious ahead of the monthly jobs report that could influence future Fed rate cuts.

Key Premarket US Stock Movers:

• Spirit Airlines (NYSE:SAVE): Stock fell 37% following reports that the airline’s debt restructuring efforts have stalled, leading to concerns about potential bankruptcy.

• Rivian (NASDAQ:RIVN): Stock dropped 9.2% after the electric vehicle manufacturer reduced its full-year production forecast and reported lower-than-expected vehicle deliveries due to parts shortages.

• Palantir (NYSE:PLTR): Stock increased by 0.8% as Chairman Peter Thiel completed selling shares under his latest trading plan.

• Abercrombie & Fitch (NYSE:ANF): Stock rose 2.8% after being added to JPMorgan’s Positive Catalyst Watch list, which cited improved earnings and revenue forecasts.

• Chubb (NYSE:CB): Stock declined 1% following a downgrade from Bank of America, moving from “neutral” to “underperform.”

• CVS Health (NYSE:CVS): Stock increased 1.8% as TD Cowen upgraded its rating to “buy” from “hold,” citing expectations for double-digit EPS growth by 2025.

• Evgo (NASDAQ:EVGO): Stock fell 3.6% after a significant previous session rise, reacting to a conditional loan guarantee of up to $1.05 billion for expanding EV charging infrastructure.

• Archer-Daniels-Midland Company (NYSE:ADM): Stock increased by 0.5% after announcing the temporary idling of its soybean processing plant in Iowa amid a record U.S. harvest.