Stocks Ended Lower amid Earnings Deluge

U.S. stocks ended lower on Tuesday as investors digested a deluge of corporate earnings. The Dow Jones Industrial Average fell 39.54 points, or 0.15%, to 26,788.10. The S&P 500 was down 10.73 points, or 0.36%, to 2,995.99. The Nasdaq Composite declined 58.69 points, or 0.72%, to 8,104.30.

Oil futures finished higher Tuesday, buoyed by a report that major oil producers will consider deeper production cuts when they meet in December. West Texas Intermediate crude for November delivery gained 85 cents, or 1.6%, to settle at $54.16 a barrel. Brent crude for December added 74 cents, or 1.3%, to settle at $59.70 a barrel.

Snap (SNAP) reported quarterly results on Tuesday that topped consensus expectations. The company revealed third-quarter losses of $227.4 million, or 16 cents a share, on revenue of $46.2 million, up from sales of $298 million in the same quarter a year ago. Active users increased by 7 million.

Chipotle (CMG) reported third-quarter net income of $98.6 million, or $3.47 a share, compared with $38.2 million, or $1.36 a share, in the year-ago period. Revenue rose to $1.4 billion from $1.23 billion in the year-ago period.