Wall Street indexes dropped in morning trading, putting stocks on course for another bumpy day. Here’s what we’re watching Tuesday:
reported higher profit and a 6.5% revenue increase in the latest quarter, beating analysts’ forecasts.
- Joke cryptocurrency dogecoin’s dollar value briefly rose more than 8% from its 5 p.m. ET level Monday after Tesla CEO Elon Musk tweeted that he would eat a Happy Meal on television if
accepted dogecoin. Some crypto enthusiasts and traders have joked on social media in recent days that they should get jobs at fast-food restaurants as cryptocurrencies prices crashed.
topped revenue and earnings forecasts for the recent quarter as it cited record levels of spending through its cards.
- Popular meme stocks
were down after having already suffered disproportionately amid the recent market turmoil.
shares were edging down after they rose nearly 10% Monday. The Wall Street Journal reported an activist investor wants the company to fire its chief executive and explore a sale.
reported fourth-quarter revenue fell 3%, weighed down by supply-chain difficulties, and projected a return to sales growth in 2023 as its aviation business begins to recover.
said its results in December were above its expectations.
reported weaker-than-expected revenue for the fourth quarter.
reported a net gain of 558,000 postpaid phone connections in the recent quarter, again trailing AT&T and T-Mobile but topping analysts’ forecasts.
recorded higher fourth-quarter profit and sales, with strong performance across its business despite inflationary pressure.
reported higher revenue and earnings in the fourth quarter.
- Hollywood visual-effects studio DNEG is combining with a special-purpose acquisition company,
, to go public with a roughly $1.6 billion valuation, the companies said.
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.
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