Stocks were mixed on Tuesday morning as crude oil rebounded and pushed the energy sector higher. 

The S&P 500 added 0.03%, the Dow Jones Industrial Average rose 0.37%, and the Nasdaq fell 0.03%.

Crude oil prices rebounded after tumbling on Monday. Prices had been under pressure after the latest read on Chinese factory activity showed continued weakness and as Russia reported production at a post-Soviet high. Oil was on watch ahead of Wednesday's weekly domestic inventories data. West Texas Intermediate crude added 1.5% to $46.84 a barrel on Tuesday. 

A surge in Chevron (CVX - Get Report) and Exxon Mobil (XOM - Get Report) shares boosted the Dow, while other major oilers including Schlumberger (SLB - Get Report) , Royal Dutch Shell (RDS.A - Get Report) , BP (BP - Get Report)  and Total (TOT - Get Report) added to the S&P 500. 

Factory orders in the U.S. fell 1% in September, narrower than the 2.1% slump recorded in August. Economists had expected orders to decline 0.9%. Excluding transportation, orders fell 0.6%, slightly narrower than a 1.1% decline a month earlier. 


Car sales enjoyed a double-digit percentage bump in October. Fiat Chrysler (FCAU - Get Report)  posted a 15% jump in U.S. car sales in  October. Its Jeep model, in particular, was a hot seller, posting a 33% sales spike. Sales were also boosted by an October with five weekends compared to four a year earlier.

General Motors (GM - Get Report) also posted a better-than-expected October. The Detroit automaker reported a 16% increase in car sales compared to an expected 12% increase. Ford  (F - Get Report) sales rose 13.4% last month. However, the reading was slightly lower than an expected 14.2% increase in sales. 

King Digital (KING) spiked more than 14% after Activision Blizzard (ATVI - Get Report) agreed to buy the video game maker in a deal worth a total $5.9 billion. The offer of $18 a share is a 20% premium to King Digital's closing price on Monday. The acquisition brings together Activision, the maker of popular role-playing game Call of Duty, with the creator of mobile app game Candy Crush.

Sprint (S - Get Report) said its second-quarter loss widened from a year earlier to 15 cents a share from a penny a share a year earlier. Analysts had expected a net loss of 7 cents. The telecom generated revenue of $7.98 billion, below estimates of $8.12 billion. However, wireless net additions rose significantly as promotional efforts paid off. Additions jumped 1.06 million, up from 675,000 a year earlier.

Office Depot (ODP - Get Report) shares were on watch after reporting an in-line third quarter. The office supplies chain earned adjusted profit of 16 cents a share, while revenue of $3.69 billion fell just shy of $3.72 billion. The company also increased its expected store closures to 180 locations by the end of this year, up from 175.

FitBit (FIT - Get Report) fell more than 6% after announcing that it will offer 21 million shares in a stock offering. The company plans to sell 7 million of its own shares and 14 million from existing shareholders. The wearables company also said lockup restrictions for 2.3 million shares will end on Nov. 4.

Avis Budget (CAR - Get Report) slumped after missing analysts' quarterly estimates on its top- and bottom-lines. The rental car company earned $1.98 a share, 4 cents below estimates, while revenue of $2.58 billion fell shy by $20 million.

Kellogg (K - Get Report) fell more than 3% after quarterly sales dropped 9% on a stronger U.S. dollar. Revenue of $3.3 billion fell short of expectations of $3.42 billion. Adjusted profit of 85 cents a share was a penny above estimates. 

Archer Daniels Midland (ADM - Get Report) slipped 6% after reporting quarterly profit of 60 cents a share, a dime below forecasts. The agricultural company said a stronger dollar and weaker ethanol profit margins contributed to the below-consensus results. 

AIG (AIG - Get Report) slid 4% after missing quarterly estimates by a mile. The insurance company earned 52 cents a share, nearly half estimates of $1.03. The company is facing increased pressure to address structural problems after activist investor Carl Icahn pushed for a breakup. 

American Eagle Outfitters (AEO - Get Report) jumped 8% after announcing it had acquired Tailgate Clothing Company for $11 million, a sports line that aligns with the retail chain's brand. The company also said third-quarter comparable-store sales rose 9%.