By Barbara Kollmeyer
Late Monday and amid a wave of negative newsflow, Facebook /zigman2/quotes/205064656/composite FB -3.02% reported earnings growth, but sales and a revenue forecast that fell short of expectations. It also announced plans to break out results for its virtual-reality business, though some say who cares . Shares are edging up.
Among the big names reporting ahead of the market’s open, Archer-Daniels-Midland /zigman2/quotes/203479136/composite ADM -1.56% blew past forecasts , Raytheon /zigman2/quotes/203237915/composite RTX -0.39% lifted its outlook , General Electric /zigman2/quotes/208495069/composite GE -7.01% is gaining on upbeat results, and Hasbro /zigman2/quotes/201249319/composite HAS -2.88% profit topped forecasts . Visa /zigman2/quotes/203660239/composite V -0.97% , Texas Instruments /zigman2/quotes/202237907/composite TXN -2.18% and Advanced Micro Devices /zigman2/quotes/208144392/composite AMD -4.69% will report after the close.
More trouble for Chinese real estate after Modern Land China, which specializes in green technologies, didn’t make a payment for the principal or interest on a $250 million bond due Monday, Bloomberg reports.
Data en route include the S&P Case-Shiller home price index, consumer confidence and new home sales, all due after the market open.
Stocks /zigman2/quotes/210598065/realtime DJIA -1.28% /zigman2/quotes/210599714/realtime SPX -2.07% are higher, led by the Nasdaq Composite /zigman2/quotes/210598365/realtime COMP -2.87% . Asia markets were split, with Chinese stocks /zigman2/quotes/210598128/delayed XX:000300 -2.26% leaning lower. Natural-gas prices /zigman2/quotes/210189548/delayed NG00 -0.59% have turned lower, along with gold /zigman2/quotes/210034565/delayed GC00 +0.30% and a whole host of metals.
Lego joins the fight to save Singapore’s coral reefs.
“Squid Games” creator says he lost six teeth in the process of making the hit show. And it hasn’t made him rich.
Hippos whose parents were owned by Colombian drug kingpin Pablo Escobar win U.S. personhood rights .
Need to Know starts early and is updated until the opening bell, but sign up here to get it delivered once to your email box. The emailed version will be sent out at about 7:30 a.m. Eastern.
Want more for the day ahead? Sign up for The Barron’s Daily, a morning briefing for investors, including exclusive commentary from Barron’s and MarketWatch writers.