Wall Street eyes muted open as earnings disappoint, eyes on Fed

Published by
Reuters

By Devik Jain (Reuters) -U.S. stock index futures were largely subdued on Tuesday after a slew of underwhelming earnings reports, while investors braced for a big interest rate hike by the Federal Reserve this week to tame surging prices. Pfizer Inc slipped 1.1% in premarket trading as the drugmaker maintained sales forecasts for its COVID-19 products for the first time since launching its coronavirus vaccine. Paramount Global slid 3.1% as it missed revenue estimates, hurt by weaker TV advertising sales. Estee Lauder Cos Inc slumped 9.3% after the cosmetics maker cut its full-year profit forec…

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