Stocks fell premarket ahead of the release of the Federal Reserve’s favorite inflation measure later on Friday morning. Futures linked to the S&P 500, the Nasdaq 100, and the Dow Jones Industrial Average all pointed to a lower open today.

General Motors (GM) and some other automaker shares extended declines overseas and premarket in the wake of Trump’s imposition of 25% tariffs on all imported cars, trucks, and autoparts, announced Wednesday evening.

The core PCE deflator probably picked up to 0.30% month-on-month and 2.7% year-over-year in February, according to consensus estimates in FactSet (FDS), from 0.28% and 2.6%, respectively, in January. Monthly personal consumption growth may have accelerated 0.30% while income gains slowed to 0.40%. The numbers are due at 8:30 a.m. EDT.

Economic indicators have been a mixed bag in recent weeks, with surveys showing both consumers and business feeling anxious about their future prospects, while actual data continues to point a strong labor market and ongoing growth — except for manufacturing.

Stocks ended lower yesterday as investors’ concerns about Trump’s trade war outweighed a report showing new jobless claims held steady last week and an upward revision of fourth-quarter GDP.

Here are some stocks to watch today:

AppLovin

AppLovin (APP) stock jumped 8% in pre-opening trading, rebounding from Thursday’s 20% decline prompted by the publication of a report by short seller Muddy Waters.

General Motors

General Motors fell 7.4% premarket, extending declines for a second day after President Donald Trump announced 25% tariffs on all imported cars, trucks and autoparts. Stellantis (STLA) fell 1.6% before the bell, while Ford (F) edged higher.

Lululemon

Lululemon’s (LULU) stock fell 13% premarket after the athleisure wear maker’s projections for full-year sales and profit missed analyst expectations. The company has scrambled to update its product line to compete with trendier brands, Reuters (TRI) reported.

Tesla

Tesla’s (TSLA) stock advanced by about 1% in early trading after analysts called Elon Musk’s automaker the clear winner from Trump’s tariffs given its more-localized production — and despite Musk’s own assertion that the company won’t be unscathed by the duties.

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