Here are five things you must know for Tuesday, Oct. 24:
Amazon said it would make a decision next year on the location of its second headquarters. Here's the most bizarre proposals Amazon has received so far:
1. -- U.S. stock futures were rising on Tuesday, Oct. 24, after Wall Street's record-breaking streak came to an end during the previous trading session and after Caterpillar Corp. (CAT) - Get Report soared following the company's estimates-beating earnings report.
The Dow Jones Industrial Average declined 0.2% on Monday, Oct. 23, the S&P 500 fell 0.38% and the Nasdaq dropped 0.64%. General Electric Co. (GE) - Get Report was the biggest weight on the Dow, falling 6.3% on Monday, as analysts downgraded the stock following its first earnings miss in more than two years.
For Tuesday, the economic calendar in the U.S. includes the PMI Composite Flash for October at 9:45 a.m. ET.
European stocks on Tuesday traded mixed ahead of a meeting of the European Central Bank later this week. Asian stocks finished Tuesday's session mostly to the upside with the Hang Seng being the only laggard.
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2. -- Caterpillar jumped nearly 7% in premarket trading after reporting third-quarter earnings that were analysts' expectations.
Earnings also were released Tuesday from Fiat Chrysler Automobiles N.V. (FCAU) - Get Report , General Motors Co. (GM) - Get Report , Biogen Inc. (BIIB) - Get Report , 3M Co. (MMM) - Get Report , Lockheed Martin Corp. (LMT) - Get Report , Stanley Black & Decker Inc. (SWK) - Get Report and United Technologies Corp. .
Novartis reported sales of $12.4 billion in the third quarter, slightly higher than analysts' expectations, while core operating income rose 1% in constant currencies to $2.4 billion.
Novartis, which said in January it was undertaking a strategic review of its Alcon eye care business, said Tuesday that creating a stand-alone company via a capital markets exit could create additional shareholder value. The final decision would depend on Alcon's continued sales growth, Novartis said.
Novartis' American depositary receipts traded in the U.S. fell 2% in premarket trading.
Sears has stopped carrying products made by Whirlpool, the biggest U.S. appliance manufacturer, including Maytag, KitchenAid and Jenn-Air appliances, according to an internal Sears memo seen by The Wall Street Journal. Sears also will deplete Whirlpool inventory currently in its stores, the memo said.
As recently as 2002, Sears sold four of every 10 major appliances in the U.S. But its share of the market fell to 22% in the 12 months ended in March, according to TraQline, a market-research firm.
The disagreement with Whirlpool was unrelated to credit issues at Sears and instead had to do with pricing, one person familiar with the situation told the Journal.
The Sears and Whirlpool relationship stretches back for more than a century.
Bidders weren't identified, though cities such as New York and Boston said they have applied. Amazon said 54 states, provinces, districts and territories in the United States, Canada and Mexico made bids.
Separately, a report from Recode said Amazon notified wine sellers on Monday that it would shut down its Amazon Wine business at the end of 2017.
This story has been updated to include earnings from Caterpillar and McDonald's.
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Join Jim Cramer, CNBC's Jon Najarian and Other Experts Oct. 28 in New York
Jim Cramer will host CNBC's Jon Najarian, TD Ameritrade's JJ Kinahan, famed analytics expert Marc Chaikin and other market mavens on Oct. 28 in New York City to share successful strategies for active investors.
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When: Saturday, Oct. 28, 8 a.m.-3 p.m.
Where: The Harvard Club of New York, 35 West 44th St., New York, N.Y.
Cost: $250 per person.