Constellation Brands, Costco, Peloton rise premarket; Apple, Tesla fall

Investing.com — U.S. retreated Friday, with investors cautious ahead of the release of the crucial monthly official jobs report.

Here are some of the biggest premarket U.S. stock movers today:

• Tesla (NASDAQ:) stock fell 0.5% with the EV manufacturer undertaking an effective recall on 1.62 million vehicles in China, including its models S, X, 3 and Y, according to the country’s market regulator. This follows two recalls by the automaker in the United States in December.

• Apple (NASDAQ:) stock fell 0.7% after Taiwan-based Foxconn, a major assembler of the tech giant’s flagship iPhone smartphone, warned that it anticipates a year-on-year decline in first quarter revenue, following weaker demand in the previous three-month period.

• Constellation Brands (NYSE:) stock rose 0.9% after the drinks maker topped quarterly revenue expectations, helped by the continued momentum of the Modelo brand family.

• Applied Therapeutics (NASDAQ:) stock tumbled 28% after the drug developer’s heart disease drug showed disappointing results in a late-stage trial.

• Palantir (NYSE:) stock fell 3.5% after Jefferies downgraded the data analytics firm to ‘underperform’ from ‘hold’, saying the hype surrounding AI is overdone.

• Peloton (NASDAQ:) stock rose 6.7%, continuing the previous session’s gains after the fitness equipment maker is set to bring its workout content to short-form video platform TikTok in an exclusive partnership.

• Costco Wholesale (NASDAQ:) stock rose 1.1% after the membership-only retailer reported strong sales figures in December, with net sales increasing 9.9% in the five weeks to December 31.