Coca-Cola, Boeing, Celestica, Whirlpool, and More Stocks That Explain Today's Market

Dow Jones10-27 18:22

Stock futures were struggling for direction on Tuesday as investors proved reluctant to make any big moves ahead of a flurry of Big Tech earnings and the Federal Reserve's interest-rate decision.

Cadence Design Systems slid 0.6% in premarket trading. The chip designer beat analysts' third-quarter earnings target and raised its guidance. Shares were up 23% over the year through Monday's close.

Celestica surged 16%. The electronics manufacturer posted strong third-quarter results and raised its full-year outlook, citing the boom in demand for artificial-intelligence infrastructure.

Novartis climbed 1.3%. The Swiss drugmaker posted a slump in third-quarter net profit, but raised its full-year guidance despite some recent setbacks in clinical trials.

Nucor advanced 1.4%. The steel producer's third-quarter profit surged, with earnings for its steel mills segment more than doubling from a year ago.

Whirlpool plunged 8.8%. The household appliance maker posted a surprise loss and slashed its full-year guidance as it struggles to address declining sales and shrinking margins.

Coca-Cola, Boeing, S&P Global, Corning, HCA Healthcare, Freeport-McMoRan, UPS, Sherwin-Williams, Hilton Worldwide, Royal Caribbean, and PayPal are all set to report earnings ahead of Tuesday's opening bell.

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