U.S. stock futures were higher on Tuesday, Oct. 24, looking to partially recover from losses seen a day earlier that swept benchmark indexes from record levels. 

Dow Jones Industrial Average futures were up 0.53%, S&P 500 futures added 0.16% and Nasdaq futures gained 0.16%. 

A record-breaking streak came to an end on Monday, Oct. 23, with the Dow giving in to General Electric Co.'s (GE) worst day in years. Losses snapped a five-day streak of record highs for the S&P 500 and Dow. General Electric was the biggest weight on the Dow as analysts downgraded the stock following its first earnings miss in more than two years last week. 

A burst of earnings reports kept investors busy on Tuesday, the most prominent including Caterpillar Inc. (CAT) , McDonald's Corp. (MCD)  and General Motors Co. (GM) . 

Caterpillar moved 6.5% higher in premarket trading after exceeding profit and sales estimates over its third quarter. The heavy machinery company earned $1.77 a share, far better than 48 cents a year earlier. Adjusted profit of $1.05 a share beat estimates of $1.27. Overall revenue of $11.4 billion came in higher than $10.7 billion consensus. 

McDonald's moved slightly higher after matching quarterly profit estimates and showcasing robust comparable sales. The world's larest burger chain reported adjusted earnings of $1.76 a share, in-line with estimates, while revenue fell just over 10% to $5.755 billion and came in slightly higher than consensus. Global comparable-store sales increased 6% over the third quarter, better than an expected 4.5% increase. In the U.S., comparable-store sales rose by 4.1%, ahead of estimates of 3.4% growth. 

Lockheed Martin Corp. (LMT)  rose in premarket trading as strong guidance overshadowed a weaker third quarter. The defense company expects full-yea revenue of $50 billion to $51.2 billion, higher than earlier forecasts of $49.8 billion to $51 billion. Full-year earnings are expected to come in between $12.85 and $13.15 a share, up from $12.30 to $12.60 previously forecast. Lockheed Martin reported third-quarter adjusted profit of $3.24 a share, below consensus of $3.26. 

3M Co. ( MMM)  increased 3.3% after better-than-expected quarterly results and higher full-year guidance. Earnings rose to $2.33 a share from $2.15 a year earlier and beat estimates of $2.21 a share. Revenue of $8.17 billion came in higher than an expected $7.92 billion. Industrial sales increased 6.2% to $2.8 billion, ahead of analysts' targets. For fiscal 2017, 3M expects profit of $9 to $9.10 a share, up from $8.80 to $9.05.  

General Motors rose 4% in premarket trading after adjusted earnings topped estimates and lower revenue beat expectations. Adjusted profit of $1.32 a share came in above estimates of $1.11. Revenue fell nearly 14% to $33.62 billion, though came in ahead of $32.18 billion consensus. GM also said it was profitable in every segment for the first time in three years. 

Novartis AG (NVS) reported third-quarter earnings that topped estimates on growth from two recently launched drugs -- Cosentyx and Entresto. 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' American depositary receipts traded in the U.S. fell 1.5% in premarket trading. 

JetBlue Airways Corp. (JBLU)  was slightly lower as quarterly profit declined following a wave of hurricanes that battered the south and southeast continental U.S. and Puerto Rico. Earnings of 55 cents a share fell from 58 cents a share a year earlier with the hurricanes depressing earnings results by six cents a share. Sales increased 4.7% to $1.81 billion, though fell short of $1.83 billion consensus. Passenger revenue increased 3.3%, though missed estimates, while load factor of 85.1% dipped below consensus of 85.4%.  

Other earnings of note released Tuesday included Fiat Chrysler Automobiles (FCAU) , Eli Lilly & Co. (LLY) , Stanley Black & Decker Inc. (SWK)  and United Technologies Corp. (UTX) . 

What Fiat Chrysler's CEO just told us. 

Eli Lilly & Co. is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells LLY? Learn more now.

Roughly one-fifth of S&P 500 companies have reported earnings so far, the majority of which have bested profit and sales estimates. Analysts anticipate blended earnings growth of 3.8% in the third quarter, or 1.6% excluding energy, according to Thomson Reuters estimates. Revenue is expected to rise by 4.4%.

On the economic calendar Tuesday, the Markit PMI manufacturing index for October will be released at 9:45 a.m. ET. 

Investors were also looking toward the first estimate of third-quarter economic growth to be released on Friday, Oct. 27. A string of severe hurricanes that swept across the south and southeastern portions of the U.S. and Puerto Rico toward the end of the quarter could put a big dent in growth. Economists surveyed by FactSet anticipate the U.S. economy to have grown 2.5% from July to September, slowing from 3.1% growth in the second quarter. This is just a preliminary number -- it will go through two revisions.

Sears Holdings Corp. (SHLD) will no longer sell appliances from Whirlpool Corp. (WHR) following a pricing dispute. Sears will stop carrying Whirlpool brands such as Maytag, Kitchenaid, and Jenn-Air, according to an internal Sears memo seen by The Wall Street Journal.  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.

Updated from 8:13 a.m. ET, Oct. 24. 

Watch More with TheStreet:

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.

You can join them as they discuss how smart investors can make the most of options trading, futures contracts, fundamental and quantitative analysis and great ETFs to buy right now. Participants will also get a chance to meet Jim and other panelists and take photos.

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.

Click here for the full conference agenda or to reserve your seat now.

More from Futures

Market Movers: December FOMC Meeting

Market Movers: December FOMC Meeting

Why Did Markets Respond This Way to China Trade News?

Why Did Markets Respond This Way to China Trade News?

Striking Options: Tremendous Volatility, Energy, and Equities

Striking Options: Tremendous Volatility, Energy, and Equities

3 Geopolitical Risks Traders Will Watch in 2019

3 Geopolitical Risks Traders Will Watch in 2019

Economist Perspective: Can U.S. Dollar Keep Its Momentum in 2019?

Economist Perspective: Can U.S. Dollar Keep Its Momentum in 2019?