• Treasury yields are on the rise, while stock futures show instability amidst mixed US spending and inflation data.
• S&P 500’s performance observed wavering after a continuous rise in previous sessions.

Intel Faces a Downturn

• Intel sees a sharp drop, over 10%, following its lower-than-expected first-quarter guidance. The tech giant anticipates revenues between $12.2 and $13.2 billion, falling short of the expected $14.16 billion.

American Express Surpasses Expectations

• American Express shares climb 3%, outperforming forecasts with their full-year guidance. Despite weaker fourth-quarter results, the company projects yearly earnings between $12.65 and $13.15 per share, surpassing the consensus estimate of $12.38.

T-Mobile’s Mixed Results

• T-Mobile shares dip by 2% after their mixed fourth-quarter earnings. Their earnings per share of $1.67 didn’t meet the $1.91 expectation, but their revenue of $20.48 billion exceeded the forecast of $19.67 billion.

Western Digital Exceeds Revenue Expectations

• Western Digital experiences a 4% decline in shares despite surpassing revenue expectations and presenting a promising fiscal third-quarter outlook. The company reports a loss of 69 cents per share on revenues of $3.03 billion, better than anticipated.

Visa Adjusts Amid Slowing Payment Volumes

• Visa‘s stocks fall by 3% even though the company beat quarterly estimates. The decline comes amidst an upward adjustment in operational expenditures and a slowdown in payment volumes in January.

Snap Gains on Deutsche Bank’s Upgrade

• Snap sees a 3% increase after Deutsche Bank upgrades its status to buy from hold. The bank cites a potential for upward revisions in revenue and EBITDA, raising its target price to $19 from $10.

Coinbase Rides the Bitcoin Wave

• Coinbase enjoys over 4% growth, boosted by an increase in bitcoin prices. The stock is further uplifted by an Oppenheimer upgrade to outperform, anticipating numerous positive catalysts this year.

Colgate-Palmolive’s Steady Performance

• Colgate-Palmolive remains stable after reporting fourth-quarter results slightly above estimates. The company posted adjusted earnings of 87 cents per share on $4.95 billion in revenue, expecting a 1-4% net sales growth for the year.