U.S. stock futures are edging higher to end a down week; Tesla (TSLA) shares are pulling back in premarket trading after the EV maker posted its best day in more than a decade; shares of Versace and Michael Kors parent Capri Holdings (CPRI) are tanking after a federal judge blocked its proposed acquisition by Coach owner Tapestry (TPR); Spirit Airlines (SAVE) shares are jumping on the discount carrier's plans to cut jobs and sell planes to help shore up finances; and Apple (AAPL) was the second-leadingꦫ seller of smartphones in China during the third quarter thanks to strong sales of its new iPhone 16. Here's what investors need to know today.

1. US Stock Futur𓆏es Edging Higher to End Down Week

After equities declined much of the week, U.S. stock futures are inching higher Friday, including a 0.2% rise in the 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average, which is on a 澳洲幸运5官方开奖结果体彩网:four-day losing streak. 澳洲幸运5官方开奖结果体彩网:S&P 500 and Nasdaq stock futures also are slightly higher. Benchmark 10-year Treasury yields are slightly lower, hovering around 4.2%. Both gold and bitcoin prices are m⛄oving lower, while crude fu🍨tures are rising.

2. Tesl𒆙a Stock Pulls Back After Best Day i♛n Decade

Tesla (TSLA) stock is pulling back 2% in premarket trading after a 22% gain yesterday, its 澳洲幸运5官方开奖结果体彩网:best day since May 2013. Tesla shares jumped Thursday on its 澳洲幸运5官方开奖结果体彩网:strong earnings report, which featured better-than-expected third-quarter net income of $2.17 billion and improved profit margins. In his call with investors, 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Elon Musk 澳洲幸运5官方开奖结果体彩网:assured analysts that "pl🌳ans for new vehicles, including more affordable models, remain on track for start of production in th🍸e first half of 2025."

3.♛ 🏅Capri Stock Plunges After Judge Blocks Tapestry Merger

Shares of Versace and Michael Kors owner Capri Holdings (CPRI) are plunging more than 45% in premarket trading after a federal judge blocked its proposed merger with Coach parent Tapestry (TPR). The Southern District of New York judge ruled in favor of a 澳洲幸运5官方开奖结果体彩网:Federal Trade Commission (FTC) request for a preliminary injunction to block the 澳洲幸运5官方开奖结果体彩网:$8.5 billion deal while the agency continues its antitrust review. The order wa🐎s good for Tapestry's stock, as its shares are moving 15% higher.

4. Spirit Ai🎶rlines St🧜ock Jumps on Plans to Cut Job, Sell Planes

Shares of Spirit Airlines (SAVE) are surging 7% in premarket trading after the discount carrier said it 澳洲幸运꧋5官方开奖结♔果体彩网:plans to cut jobs and sell some planes as it tries to shore up its finances. The company said that as part of its plans "to return to profitability," it has identified around $80 million in annualized cost cuts that it plans to start implementing early next year. Spirit, which 澳洲幸𓂃运5官方开奖结果体彩网:reportedly is 🐼considering a bankruptcy filing, also said it had entered into a deal to sell 23 A320ceo/A321ceo aircraf🍬t for around $519 million to aircraft-maintenance and component services platform GA Telesis.

5. Apple Reꦓturns to Top 5 in Chinese Smartphone Sales

The new iPhone 16 helped Apple (AAPL) return to the top five of Chinese smartphone sales, according to data from International Data Corporation. The report showed that Apple had a 15.6% share of the Chinese phone market in the third quarter, making it the second-best seller for the period, despite being down from its 16.1% Q3 market share last year. A recent report indicated the 澳洲幸运5官方开奖结果体彩网:new iPhone model, which features advanced 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) features, 澳洲幸运5官方开奖结果体彩网:outsold 🍌the♈ previous iPhone 15 model by 20% in China over its first three wee𝓡ks of release. Shares of ꧋Apple are 1% lower in premarket trading.