Microsoft said it would have had more revenue in the quarter were it not for unfavorable foreign-exchange rates and tougher PC and advertising markets.
Shares of retailers including Macy's and Amazon were down after Walmart slashed its profit forecast, warning that surging prices are squeezing consumers.
Shares of Coinbase closed down more than 21% Tuesday on report that it's facing SEC's probe into whether the platform is offering unregistered securities.
The Zurich-based bank will soon announce the departure of Gottstein after a series of embarrassing mishaps and unprofitable quarters, according to the Journal.
This year analysts and investors will be closely watching Apple's earnings because the company could be affected by many different macroeconomic conditions.
Officially, the NBER defines recession as "a significant decline in economic activity that is spread across the economy and lasts more than a few months."