Apple, Tesla, Goldman Sachs, Amazon: What to Watch When the Stock

Futures are dropping, with tech stocks on track to lead losses after the open. Government bond yields are climbing as investors position themselves for a higher interest-rate future. Here’s what we’re watching in Tuesday’s trading:

• Technology giants were absorbing the brunt of the premarket gloom. shares of electric-vehicle maker

  Tesla

  fell 1.9% and

  Twitter

  dropped 1.6%.

  Meta Platforms

  —formerly known as Facebook—slipped 1.9% and

  Amazon.

  com fell 1.5%.

  Apple

  shed 1.7%.

• Electric-vehicle makers overall were losing their charge.

  Lucid Group

  dropped 2.8%, China’s

  Nio

  slid 1.5% and

  Lordstown Motors

  fell 1.6%.

• Shares of

  Bank of New York Mellon

  edged down 1% premarket. The company said its profit rose for the fourth quarter as fee revenue increased 4%, reflecting higher market values and client volumes.

• Goldman Sachs

  shares slid 4.1% ahead of the bell. The Wall Street giant’s profit fell in the fourth quarter, even as the deals market stayed strong.

• Energy companies were a small bright spot, with their shares gaining on higher crude prices.

  Occidental Petroleum

  gained 1.2%,

  ConocoPhillips

  rose 1.6% and

  Exxon Mobil

  added 1.3%.

• Kohl’s

  shares gained 1.6% premarket. Activist investor Macellum Advisors is renewing a push to get the department-store chain to take action to boost its lagging stock.

• BlackRock

  nudged down 0.4%. In his annual letter to the CEOs of the companies in which BlackRock invests,

  Larry Fink

  said businesses that don’t plan for a carbon-free future risk being left behind.

• Activision Blizzard

  slipped 1.6%. The videogame company has fired or pushed out more than three dozen employees and disciplined about 40 others since July as part of efforts to address allegations of sexual harassment and other misconduct.

• J.B. Hunt Transport Services

  …