Stock futures were lower Tuesday as Wall Street returns to a shorter trading week coming off the 10th winning week for the
S&P 500
out of the last 11.
These stocks were poised to make moves Tuesday:
Morgan Stanley
is expected by analysts to report fourth-quarter earnings of $1.07 a share, down from $1.31 a year earlier. The report will be the first under Ted Pick, the Wall Street bank’s new CEO. Shares were down 0.2%.
Goldman Sachs
also is scheduled to post fourth-quarter earnings, with analysts expecting the bank to earn $3.62 a share in the period, up from $3.32 a year earlier. A focus for investors will be results at Goldman’s core segments as it backs away from the retail business. The stock fell 0.4% ahead of the report.
Earnings reports are also expected Tuesday from
PNC Financial Services,
Interactive Brokers,
and
Progress Software.
Later in the week reports will be issued from
Charles Schwab,
U.S. Bancorp,
Discover Financial Services,
Fastenal,
J.B. Hunt Transport Services,
Truist Financial,
KeyCorp,
Schlumberger,
State Street,
and
Travelers.
Microsoft
officially passed
Apple
on Friday to reclaim the title of the world’s most valuable public company.
Microsoft’s
value at the close of trading was $2.89 trillion, eclipsing
Apple’s
$2.87 trillion. Microsoft has risen 3.3% this year, while Apple has declined 3.4%. In premarket trading, Microsoft declined 0.2%. Apple was down 1.6%.
Microsoft on Monday unveiled Copilot Pro, a subscription service targeted at individuals, for $20 a month. The service is an artificial intelligence-based companion for the company’s widely used suite of productivity apps, including Word, Excel, PowerPoint, and Teams.
Apple, meanwhile, is removing a blood-oxygen sensor from some of its smartwatches to get around a patent dispute related to the technology, The Wall Street Journal reported.
Boeing
was down 1.3% in premarket trading after the much-anticipated return of 737 MAX deliveries to China was hit with further delays following an emergency incident onboard an Alaska Airlines flight earlier this month, The Wall Street Journal reported.
China Southern Airlines
was to receive
Boeing
planes as early as January, people familiar with the matter told the Journal. Now the airline is planning to conduct additional safety inspections on the aircraft following the incident, though the jets to be delivered aren’t the same variant as Alaska’s MAX 9, the Journal noted.
Tesla
declined 2.2% in premarket trading. Elon Musk, chief executive of the electric-vehicle maker, wrote in a blog post on X that he wants more voting power at the company if he is to grow it into a leader in artificial intelligence and robotics.
Write to Joe Woelfel at [email protected]
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