By Dhirendra Tripathi

Investing.com — Shares fell after Goldman Sachs, (NYSE:), missed its fourth quarter estimates due to poor trading activity. Financials are heavily affected by corporate earnings reports.

Rising yields on Treasurys hammered tech stocks. The yield on the 10-year note was at its highest level in two years, surpassing 1% for first time since 2020. Federal Reserve will likely raise interest rates 3-4 times this year. It could even begin as soon as March.

Microsoft Corporation (NASDAQ 🙂 grabbed headlines with its announcement of a $75 Billion deal to purchase Activision Blizzard Inc., a game developer (NASDAQ :), in a major move into an industry that is rapidly growing.

Meanwhile telecom giants AT&T Inc (NYSE:) andVerizon Communications Inc (NYSE:) said they would steer clear of U.S. airports in their 5G frequency rollout on Wednesday, as airlines and regulators raised questions about whether the frequencies would interfere with aircraft.

Americans who would like four Covid-19 rapid test kits mailed to their homes in the coming weeks have begun to place orders with the government. It was made in the midst of the current surge in coronavirus-related cases.

Three things could impact the markets in tomorrow’s future:

1. UnitedHealth earnings

UnitedHealth Group Incorporated will announce its fourth quarter earnings on Wednesday. According to analysts at Investing.com, the company will report a profit of $4.31 per share on $72.78 million in revenue.

2. Morgan Stanley Earnings

Morgan Stanley (NYSE 🙂 expects to record a fourth quarter revenue of $14.56 Billion and a profit per share of $1.94.  However, like Goldman and Wall Street bankers, analysts will want to know how the company traded and what this says about its outlook.

3. P&G earnings

Procter & Gamble Company (NYSE:)’s quarterly revenue is estimated to be $20.34 billion and profit per share is expected to be $1.66.

–Reuters and Investing.com staff contributed to this report