U.S. stocks traded mixed on Tuesday as one of the busiest days of the earnings season got under way.
The Dow Jones industrial average traded slightly lower, with Procter & Gamble contributing the most gains to the tune of 20 points, but Home Depot shaved off approximately 20 points. The S&P 500 fell 0.1 percent, with consumer discretionary leading decliners. The Nasdaq composite held around breakeven.
More than 90 companies were scheduled to post quarterly results on Tuesday. Dow components 3M, Caterpillar and DuPont reported earnings before the bell. Caterpillar and 3M posted mixed results, as both beat estimates on the bottom line, while missing on revenues. Caterpillar also lowered its 2016 earnings per share guidance.
ATB: Apple, AT&T, Chipotle Mexican Grill, Capital One, Discover Financial, Express Scripts, Juniper Networks, Vertex Pharma, iRobot, Pandora Media, Panera Bread, Owens-Illinois
9 a.m.: Case-Shiller Home Price Index
9 a.m.: FHFA Home Price Index
10 a.m.: Consumer confidence
1 p.m.: $26 billion two-year Treasury note auction
8:30 a.m.: U.S. trade deficit
9:45 a.m.: Markit services PMI
10 a.m.: New home sales
1 p.m.: $34 billion five-year Treasury note auction