Futures are sliding again and Wall Street’s fear gauge is up, putting stocks on course for another bumpy day of trading. Here’s what we’re watching Tuesday:
-
shares rose 2.9% premarket. The tech giant reported higher profit and a 6.5% revenue increase in the latest quarter, beating analysts’ forecasts.
The IBM office in Foster City, Calif., July 14, 2021.
Photo:
David Paul Morris/Bloomberg News
-
edged down 1.1% ahead of the bell. The connected-bike maker’s shares rose nearly 10% Monday after The Wall Street Journal reported an activist investor wants the company to fire its chief executive and explore a sale.
-
shares dropped 7.1% in the moments after its earnings release early Tuesday.
- Results are due from
and
before the open.
-
edged up 0.1% off hours. The manufacturer reported higher fourth-quarter profit and sales, with strong performance across its business despite inflationary pressure.
-
jumped 6% premarket. The insurer reported higher revenue and earnings in the fourth quarter.
- Hollywood visual-effects studio DNEG is combining with a special-purpose acquisition company,
Sports Ventures Acquisition Corp.
, to go public with a roughly $1.6 billion valuation, the companies said.
-
and
are among the companies reporting earnings after the close.
Chart of the Day
- The prospect of rising interest rates has been especially hard on the Russell 2000 small-cap index, in large part because of the high proportion of small-caps that aren’t making money.
Write to James Willhite at james.willhite@wsj.com
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