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
fell 1.9% and
dropped 1.6%.
—formerly known as Facebook—slipped 1.9% and
com fell 1.5%.
shed 1.7%.
- Electric-vehicle makers overall were losing their charge.
dropped 2.8%, China’s
slid 1.5% and
fell 1.6%.
- Shares of
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.
-
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.
The Goldman Sachs building Lower Manhattan, Jan. 6, 2022. Goldman Sachs is an investment banking company.
Photo:
Gabby Jones for The Wall Street Journal
- Energy companies were a small bright spot, with their shares gaining on higher crude prices.
gained 1.2%,
rose 1.6% and
added 1.3%.
-
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.
-
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.
-
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.
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…
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