Peloton, Pfizer, Meta, General Motors: What to Watch in the Stock Market Today

Updated Feb. 8, 2022 9:47 am ET

U.S. stock indexes wobbled in morning trading as investors awaited another docket of major earnings reports. Here’s what we’re following in markets Tuesday:

The Wall Street Journal reported that Peloton Interactive PTON 25.28% plans to replace its chief executive, cut costs and overhaul its board after a slowdown in demand caused the once-hot bike maker’s value to plummet.
Shares of maker of sensors for autonomous cars Velodyne Lidar VLDR 7.16% soared after it reported an investment by Amazon.com. AMZN 2.20%

The Velodyne booth featuring Velodyne Lidar sensor technology at the 2020 Consumer Electronics Show (CES) in Las Vegas, Nev.

Photo: robyn beck/Agence France-Presse/Getty Images

Nvidia NVDA 1.54% said its deal with SoftBank for the U.K.’s Arm was called off.
Pfizer PFE -2.84% reported fourth-quarter profit that beat expectations, while revenue more than doubled but missed forecasts.
Shopping-mall owner Simon Property Group SPG -4.62% reported a rise in annual profit last year from 2020.
Videogame maker Take-Two Interactive’s TTWO -1.66% quarterly results and forecast came in below analysts’ expectations.
Morgan Stanley MS 1.11% cut its outlook on shares of General Motors GM -2.46% to equal-weight from overweight.
Peter Thiel, one of Facebook’s earliest investors and its longest-serving outside board member, is planning to step down from his position at the social-media giant now known as Meta Platforms. FB -2.10%
Managed care company Centene CNC 6.04% beat analysts’ estimates for the fourth quarter.
Heating-and-cooling equipment maker Carrier Global CARR 0.74% beat estimates for the fourth quarter.
KKR’s KKR -6.15% fourth-quarter earnings fell as the change in the value of its investments lagged behind the broader market.
Harley-Davidson HOG 15.53% said it expects sales to continue to grow in 2022 for its core motorcycles and related products segment.
Earnings are due after the market close from Lyft, LYFT 5.37% Chipotle Mexican Grill CMG 0.51% and Peloton Interactive.