Stock index futures rose on Friday as investors prepared for a busy morning of economic data and assessed the PCE and GDP reports.
Here are the four stocks to watch on the day:
Lucid Group (LCID) rose 1.1% in premarket trade following several key announcements at its Investor Day event. The electric vehicle maker revealed that its upcoming midsize platform will underpin three new electric vehicles aimed at the core of the EV market, with a starting price around $50,000 to compete directly with Tesla’s Model 3 and Model Y. Management also indicated it sees a path to being cash flow positive by the late decade.
Meta (META) slipped 1.2% before the opening bell after reports that its new foundational AI model has fallen short of rivals on internal tests. The New York Times reported that the model, which the company has been developing for months, underperformed leading AI systems from Google, OpenAI, and Anthropic in reasoning, coding, and writing benchmarks. Separately, the company has paused part of its internet expansion efforts across Africa as the war in the Middle East freezes activity in the region.
Apple (AAPL) edged up 0.29% in premarket trade after announcing it will lower App Store commission fees in mainland China beginning Sunday. The iPhone maker said the commission rate for standard in-app purchase and paid app transactions will drop to 25% from the current 30%, marking a win for Chinese app developers following discussions with the country’s regulator.
Costco (COST) ticked up 0.13% before the opening bell following positive commentary from Chief Financial Officer Gary Millerchip at the UBS Global Consumer and Retail Conference. Millerchip said the retailer sees a consumer who remains willing to spend when the value is clear, even as shoppers navigate uncertainty around tariffs, gas prices, and the broader economy.