Futures are sliding again and Wall Street’s fear gauge is up, putting stocks on course for another bumpy day of trading. Here’s what we’re watching Tuesday:

• IBM shares rose 1.6% premarket. The tech giant reported higher profit and a 6.5% revenue increase in the latest quarter, beating analysts’ forecasts.

• American Express shares climbed 3.8% premarket. The company topped revenue and earnings forecasts for the recent quarter as it cited record levels of spending through its cards.
• Popular meme stocks were down premarket after having already suffered disproportionately amid the recent market turmoil. AMC Entertainment fell 4.5% and GameStop fell 3.7%.
• Peloton shed 2.4% ahead of the bell. The connected-bike maker’s shares rose nearly 10% Monday after The Wall Street Journal reported an activist investor wants the company to fire its chief executive and explore a sale.
• General Electric shares slipped 1.8% after it reported fourth-quarter revenue fell 3%, weighed down by supply-chain difficulties, and projected a return to sales growth in 2023 as its aviation business begins to recover.
• Results are due from Johnson & Johnson , 3M and Lockheed Martin before the open.
• Verizon edged up 0.3% premarket. The telecom Verizon reported a net gain of 558,000 postpaid phone connections in the recent quarter, again trailing AT&T and T-Mobile but topping analysts’ forecasts.
• Crane edged up 0.1% off hours. The manufacturer reported higher fourth-quarter profit and sales, with strong performance across its business despite inflationary pressure.
• Brown & Brown added 1.4% premarket. The insurer reported higher revenue and earnings in the fourth quarter.
• Hollywood visual-effects studio DNEG is combining with a special-purpose acquisition company, Sports Ventures Acquisition Corp . , to go public with a roughly $1.6 billion valuation, the companies said.
• Microsoft and  Capital One Financial are among the companies reporting earnings after the close.

Chart of the Day

• The prospect of rising interest rates has been especially hard on the Russell 2000 small-cap index, in large part because of the high proportion of small-caps that aren’t making money.

Write to James Willhite at james.willhite@wsj.com