U.S. stock futures edged lower and Treasury yields gained as investors awaited another docket of major earnings and data on the trade deficit. Here’s what we’re following in markets Tuesday:
shares edged 2% lower premarket after The Wall Street Journal reported that the company plans to replace its chief executive, cut costs and overhaul its board after a slowdown in demand caused the once-hot bike maker’s value to plummet.
- Shares of maker of sensors for autonomous cars
jumped almost 40% premarket after it reported an investment by
shares slipped 1% premarket after the chip maker said its deal with SoftBank for the U.K.’s Arm was called off.
- Shares of
fell 3.6% premarket after the drugmaker reported fourth-quarter profit that beat expectations, while revenue more than doubled but missed forecasts.
Simon Property Group
shares fell 3.2% premarket despite the shopping-mall owner reporting a rise in annual profit last year from 2020.
- Videogame maker
shares declined 1.8% premarket after its quarterly results and forecast came in below analysts’ expectations.
shares fell 3.8% premarket after
cut its outlook on the auto maker to equal-weight from overweight.
- Shares of
formerly called Facebook, fell 1.5% premarket.
one of Facebook’s earliest investors and its longest-serving outside board member, is planning to step down from his position at the social-media giant.
shares added 1.2% premarket, after the managed care company beat analysts’ estimates for the fourth quarter.
shares rose 1% premarket, after the heating and cooling equipment maker beat estimates for the fourth quarter.
shares fell 2.6% after fourth-quarter earnings fell as the change in the value of its investments lagged behind the broader market, while cash available to shareholders more than doubled to a fresh record.
shares revved 6.8% higher after the company said it expects sales to continue to grow in 2022 for its core motorcycles and related products segment.
- Earnings are due after the market close from
Chipotle Mexican Grill
and Peloton Interactive.
Chart of the Day
- A recent shift toward dividend-paying stocks is a bid for protection against a slowing economy and rising interest rates.
Write to Caitlin Ostroff at [email protected]
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