By Barbara Kollmeyer
Johnson & Johnson /zigman2/quotes/201724570/composite JNJ +1.46% stock is down after revenue fell short of hopes, with GE /zigman2/quotes/208495069/composite GE +4.70% also falling on earnings disappointment. 3M /zigman2/quotes/205029460/composite MMM +3.21% reported mixed results and Raytheon /zigman2/quotes/203237915/composite RTX +2.66% is down on a profit and revenue miss. American Express shares /zigman2/quotes/203805826/composite AXP +3.18% are jumping on a solid earnings beat . Microsoft /zigman2/quotes/207732364/composite MSFT +3.41% and Texas Instruments /zigman2/quotes/202237907/composite TXN +3.18% are the spotlight for after the market close.
IBM stock /zigman2/quotes/203856914/composite IBM +2.61% surged more than 6% late Monday on upbeat results, only to give it all back after Big Blue executives refused to give earnings guidance . Swedish telecom giant Ericsson /zigman2/quotes/208932705/composite ERIC +3.03% /zigman2/quotes/204034770/delayed SE:ERIC.A -0.48% /zigman2/quotes/207544813/delayed SE:ERIC.B -0.28% posted forecast-beating fourth-quarter net profit.
In deal news, Chesapeake Energy /zigman2/quotes/224537584/composite CHK +9.77% will pay $2.6 billion for Pennsylvania shale assets from Tug Hill. Nvidia /zigman2/quotes/200467500/composite NVDA +5.55% stock is tumbling on a report the tech group will ditch plans to buy chip designer Arm from Softbank /zigman2/quotes/207303954/delayed JP:9984 +2.37% .
Pfizer /zigman2/quotes/202877789/composite PFE +2.99% and BioNTech /zigman2/quotes/214419716/composite BNTX +1.32% are launching a study of an omicron-based COVID-19 vaccine for healthy adults.
The Pentagon has put 8,500 U.S.-based troops on heightened alert for possible deployment to Europe in case of a Russian invasion of Ukraine. The ruble /zigman2/quotes/210561862/realtime/sampled USDRUB -0.5506% continues to slide.
Canadian rocker icon Neil Young wants his music off Spotify /zigman2/quotes/207488629/composite SPOT +4.71% , because of COVID-19 vaccine disinformation being spread on the platform from podcaster Joe Rogan, in particular. The EU is easing its COVID travel rules as of Feb. 1 , saying as of Feb. 1, double vaccinated, those recently recovered from the virus or a negative PCR test no more than 72 hours ahead of travel is enough to move freely within the bloc.
Apart from the kickoff of the Fed meeting, November house prices from S&P Case-Shiller and the Federal Housing Finance Agency both showed some easing , following by a consumer confidence index for January. The IMF has cut its global growth forecast owing to weaker outlooks from China and the U.S.
Stocks /zigman2/quotes/210598065/realtime DJIA +2.68% /zigman2/quotes/210599714/realtime SPX +3.06% /zigman2/quotes/210598365/realtime COMP +3.34% are in the red in early trading, and Wall Street volatility dragged Asian markets south /zigman2/quotes/210597971/delayed JP:NIK +1.23% /zigman2/quotes/210598030/delayed HK:HSI +2.09% , though European /zigman2/quotes/210599654/delayed XX:SXXP +2.62% and U.K. stocks /zigman2/quotes/210598409/delayed UK:UKX +2.68% bucked the weakness. The yield on the 10-year Treasury note is up 2 basis points to 1.751%, while oil /zigman2/quotes/209723049/delayed CL00 -0.50% and the dollar /zigman2/quotes/210598269/delayed DXY -0.06% are also rising. Bitcoin /zigman2/quotes/31322028/realtime BTCUSD -0.08% is pushing above $36,000.
These are the most active stock tickers on MarketWatch as of 6 a.m. Eastern.
|/zigman2/quotes/200235402/composite AMC||AMC Entertainment|
|/zigman2/quotes/200289815/delayed CA:NCM||Newcrest Mining|
Michigan woman discovers $3 million lottery win after sifting through her spam folder.
The “monster-looking fish that chased Nemo around” is at a Los Angeles museum .
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