Tuesday’s Premarket Moves: Spotify, McDonald’s, General Motors, Ford, UPS

Spotify ($SPOT@Sweden) shares jumped 10 percent premarket after the audio streaming service reported robust fourth-quarter gains. McDonald’s ($MCD@US) shares dropped more than 1 percent in premarket trading even as it posted strong fourth-quarter results, citing “short-term inflationary pressures.” General Motors ($GM@US) rose more than 5 percent in premarket trading after beating Wall Street estimates for its fourth quarter. Ford ($F@US) rose 2 percent premarket after Monday’s announcement that it would lower the price of its electric pickup truck, the Mach-E. UPS ($UPS@US) shares rose 1.9 percent premarket after beating analyst expectations.