Q4 earnings misses unlikely to be forgiven -CIO

STORY: Analysts see fourth-quarter earnings for S&P 500 companies dropping 2.9% year-on-year, according to Refinitiv data.

Shares of 3M Co fell 5.7% after the industrial conglomerate forecast a gloomy first quarter.

Shares of General Electric Co were roughly flat after a disappointing profit forecast for the year, despite topping quarterly earnings estimates.