US Stock Futures and Movers

Investing.com — US stock futures edged lower Wednesday, ahead of the release of key inflation data.

Premarket US Stock Movers

• Rivian Automotive (NASDAQ:RIVN): Stock surged over 12% after Volkswagen increased its investment in a joint venture.

• Spotify Technology (NYSE:SPOT): Stock rose 7.5% following strong subscriber growth for the September quarter and a solid forecast for the year.

• CAVA Group (NYSE:CAVA): Stock soared 14% after reporting both top- and bottom-line beats in the third quarter.

• Skyworks Solutions (NASDAQ:SWKS): Stock fell 6.4% after lighter-than-expected forward guidance for Q1.

• Tesla (NASDAQ:TSLA): Stock rose 2.6% despite announcing a recall of 2,431 vehicles due to a drive power loss issue, marking the sixth recall this year.

• General Motors (NYSE:GM): Stock fell 0.3% as it plans to recall 461,839 vehicles due to a transmission issue.

• Rocket Lab USA (NASDAQ:RKLB): Stock soared 30% following the release of its Q3 earnings and news of the first customer for its Neutron rocket.

• Spirit Airlines (NYSE:SAVE): Stock slumped 65% as negotiations with bondholders on a restructuring plan were reported.