Stocks weak as rates keep rising; Apple, Amazon, Alphabet earnings on the way

Stocks are giving up big gains here as rates keep ticking higher. Plus—all eyes are on tech: Apple, Alphabet and Amazon are reporting any minute now. We’ll have them live. And, bitcoin tumbles below $9,000. Is it make or break for the digital currency? Plus, Super Bowl Sunday is a super day for Wingstop. Its CEO flies in to give us the score. Catch The Final Round at 3:55 ET p.m. with Jen Rogers, Myles Udland, and Rick Newman.

Winners and losers

Let’s take a look at some of today’s winners and losers. Stocks in the red include Alibaba after the Chinese e-commerce giant missed on earnings; Chipotle on a UBS downgrade to ‘sell’ claiming lower growth is the ‘new normal;’ and Guess, with shares getting slammed after model Kate Upton accused co-founder Paul Marciano of sexual harassment.

Stocks in the green include Facebook as it reported users were spending less time on the site, though its CFO said on the earnings call that the the social media site would maintain its 2018 expense forecast; Ferrari as the supercar maker said core earnings would double to $2.5 billion by 2022; and AT&T, with shares up on strong earnings beat and seeing wireless subscriber ads in the US hit 2.7 million.

 

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