The S&P 500 was down 0.14%, the Dow Jones Industrial Average fell 0.04%, and the Nasdaq slid 0.2%.
Under Armour slumped 12% after warning of slowing growth in coming quarters. The company's "growth rate going forward will be less than expected," executives said in remarks on an earnings call Tuesday. The workout apparel retailer reported a 28% increase in third-quarter profit, while revenue rose 22%. Earnings-per-share of 29 cents came in higher than estimates of 25 cents.
Other apparel brands such as PVH Corp (PVH) - Get Report , Ralph Lauren (RL) - Get Report , Hanesbrands (HBI) - Get Report and VF Corp (VFC) - Get Report fell, while the Consumer Discretionary SPDR ETF (XLY) - Get Report slid 0.74%. Cyclical consumer goods stocks were the worst performers on Tuesday.
Procter & Gamble (PG) - Get Report moved 4% higher after topping earnings estimates in its fiscal first quarter. The consumer goods company earned an adjusted $1.03 a share, a nickel above forecasts. Sales of $16.52 billion exceeded estimates of $16.48 billion. Procter & Gamble maintained its full-year guidance of 2% sales growth.
Caterpillar (CAT) - Get Report forecast little growth next year. The manufacturing equipment company said it expects full-year 2017 revenue "not significantly different" than its 2016 projections. The company anticipates 2016 revenue to come in at $39 billion, below consensus of $40.1 billion. Analysts had anticipated fiscal 2017 revenue to climb to $39.27 billion.
DuPont (DD) - Get Report reported a better-than-expected quarter and boosted its full-year profit estimates. The company expects adjusted earnings of $3.25 a share, up from its previous guidance range of $3.15 to $3.20 a share. The chemicals company more than doubled its adjusted earnings in its September-ended quarter, posting profit of 34 cents a share. Analysts expected 21 cents a share.
Visa (V) - Get Report was on watch after reporting a jump in quarterly profit thanks to an increase in credit card spending over its recent quarter. The company earned an adjusted 78 cents a share in its fourth quarter, 5 cents higher than analysts expected. Growth was partly attributed to its purchase of Visa Europe.
Lockheed Martin (LMT) - Get Report was up 5% after breezing past third-quarter estimates and forecasting full-year growth in the high single-digit range. The defense company earned an adjusted $3.61 a share over its recent quarter, up from $2.42 a share in the same period a year earlier and above analysts' estimates of $2.89. Lockheed martin anticipates a 7% increase in fiscal 2017 sales.
Freeport-McMoRan (FCX) - Get Report rose 4% after swinging to a profit in its third quarter. The miner earned net income of $217 million, up from a loss of $3.8 billion a year earlier. However, adjusted earnings of 13 cents a share missed estimates of 20 cents.
Sprint (S) - Get Report fell 6% despite a better-than-expected quarter. The telecommunications company narrowed quarterly losses to $142 million, or 4 cents a share, from $585 million, or 15 cents, a year earlier. Sprint raised its full-year operating income target to between $1.2 billion and $1.7 billion, up from its previous range of $1 billion to $1.2 billion.
United Technologies increased 1% after upping its full-year profit and revenue estimates. The aerospace company expects full-year organic sales to climb between 2% and 3%, compared to a wider range of 1% to 3% previously given. United now expects full-year earnings of at least $6.55 a share, up from a previous low-end range of $6.45.
Apple (AAPL) - Get Report , the world's largest company and the biggest weight on the S&P 500, will report after markets close on Tuesday. The recent launch of the iPhone 7 and Samsung's recent troubles with its Note 7 are expected to boost sales.
However, the company is still expected to report its third straight quarter of declining revenue for the iPhone. Recent checks on Apple Watch sales also suggest weakness. An IDC report showed Apple shipped 1.1 million Apple Watches over the third quarter, a massive 71% drop from the same period a year earlier.
Consumer confidence in the U.S. moved lower in October. The Conference Board's index fell to 98.6 in October, below an estimated 101 reading and down from 103.5 in September. Expectations fell to 83.9 from 87.2.
Home prices in the U.S. rose at a healthy clip in August as constrained supply and high demand pushed valuations higher. The S&P CoreLogic Case-Shiller 20-City Index rose 0.4% in August and 5.1% compared to a year earlier. Analysts had anticipated a 0.2% monthly gain. The measure is just 10 basis points from its 2006 peak.
Twitter (TWTR) - Get Report fell 3% on reports it could execute job cuts as soon as this week. A report from Bloomberg on Monday indicated the social network could reduce its workforce by around 8%, or 300 people. The company rescheduled its third-quarter earnings report to before Thursday's open from after the bell Thursday.