Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow.
1. Facebook Lends a Hand to Tech
Facebook should provide a lift to tech stocks after it reported earnings and revenue that topped forecasts.
The stock rose 9.8% in after-hours trading.
The beat on the top and bottom lines comes as the social media giant continues to add users to its platform despite coming under scrutiny for a series of security breaches last year.
Monthly active users (MAUs), one of the metrics that analysts use to gauge the company's health, increased 9% to 2.32 billion in the fourth quarter, in line with Wall Street estimates.
Microsoft (NASDAQ:MSFT) could dent some of those tech gains, though.
Shares of the Dow component fell 3.4% after hours following a miss in quarterly revenue.
2. Host of Earnings to Watch Tomorrow
Before the bell tomorrow, General Electric (NYSE:GE), DuPont (NYSE:DWDP) and Mastercard (NYSE:MA) all report numbers.
Energy giant ConocoPhillips (NYSE:COP) is also on the schedule and will give investors an idea how oil companies are handling the fourth-quarter swoon in crude prices.
On average, analysts expect that the company earned 98 cents per share, up slightly from the year-ago period, on revenue of a little more than $9.9 billion.
And United Parcel Service (NYSE:UPS) weighs in as well, providing investors a snapshot on how the U.S.-China trade dispute is affecting bottom lines.
UPS is forecast to post 1.91 per share and revenue of $20 billion.
The stock is down in the last three months, hit by the broader December selloff, trade worries and expected competition from Amazon) Air.
3. More Job Figures Before Payrolls Report
On the economic calendar, the march toward Friday’s non-farm payrolls continues tomorrow.
At 7:30 AM ET (12:30 GMT), the Challenger job cuts numbers for January are scheduled to arrive.
Then the weekly figures on initial jobless claims will be reported at 8:30 AM ET.
Economists forecast that claims for first-time unemployment benefits rose to 215,00.