Rivian, Spotify, CAVA Group rise premarket; Spirit Airlines slumps By Investing.com

The futures of US stocks dipped slightly on Wednesday in anticipation of the release of important inflation figures.

The stock of Rivian Automotive (NASDAQ symbol RIVM) saw a rise of more than 12% following the announcement of an expanded investment from Volkswagen, the German automaker in their collaborative venture, in electric vehicles.

Spotify Technologys (NYSE symbol SPOT) saw a 7 50 percent increase in its stock value following growth in subscribers during the September quarter coupled with a promising outlook, for the rest of the year.

The stock of CAVA Group (NYSE symbol CAVA) a Mediterranean casual restaurant chain experienced a significant 14 percent surge following its third quarter financial report that exceeded expectations both in terms of revenue and profit margins.

Teslas stock saw a 2..6% increase following a decline in the session despite the news that the U.S National Highway Traffic Safety Administration announced a recall of 2..431 vehicles by the EV manufacturer for potential drive power loss that could elevate crash risks. Marking the sixth recall, for them this year.

The stock of General Motors (NYSE symbol GM) dropped by 0·three percent following an announcement by the NHTSA that the car manufacturer will be recalling 461 thousand eight hundred thirty nine vehicles due, to a transmission problem.

Rocket Lab USAs stock surged by 30% following the announcement by the space infrastructure company regarding its third quarter earnings and the revelation, about securing its customer for the forthcoming Neutron rocket launch.

Spirit Airlines stock plummeted by 65% following a report from the Wall Street Journal stating that the struggling airline is currently in discussions, with bondholders regarding a restructuring proposal aimed at gaining the backing of crucial creditors.