Tesla, Apple and Netflix rise premarket; Centene, Constellation Brands fall

Investing.com -- U.S. stock futures edged higher Wednesday, as investors digested the passage of U.S. President Donald Trump’s signature tax-and-spending bill through Congress ahead of the release of more labor market data.

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

• Tesla (NASDAQ:TSLA) stock rose 1.1%, bouncing after the previous session’s hefty losses, after the EV manufacturer’s China-made electric vehicle sales edged up 0.8% in June from a year earlier, snapping an eight-month losing streak.

• Apple (NASDAQ:AAPL) stock rose 0.7% after Jefferies upgraded its stance on the iPhone manufacturer to “hold” from “underperform”, citing bullish expectations for the June quarter, even as it warned that long-term risks persist.

• Netflix (NASDAQ:NFLX) stock rose 0.8% after the Wall Street Journal reported that the streaming giant plans to expand its unscripted programming with music competitions and live events.

• JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC) edged up after the banking giants announced plans to raise their third-quarter dividends after clearing the Fed’s annual health check last week.

• Enphase (NASDAQ:ENPH), First Solar (NASDAQ:FSLR) and Sunrun (NASDAQ:RUN) all rose, adding to the previous session’s gains with the renewable stocks surging after the Senate removed a widely criticized excise tax from its sweeping GOP tax bill.

• Constellation Brands (NYSE:STZ) stock fell 0.5% after the drinks company missed first-quarter sales and profit estimates, as fears of rising tariffs and economic uncertainty prompted consumers to reduce purchases.

• Centene (NYSE:CNC) stock slumped 26% after the healthcare stock withdrew its full-year revenue outlook as new industry data showed a significant drop in expected revenue from its marketplace health insurance plans.

• Verint Systems (NASDAQ:VRNT) stock soared 12% after Bloomberg reported that the software company is in talks with buyout firm Thoma Bravo over a possible acquisition.