Stocks mixed, Apple, Caterpillar, AMD, Pfizer
Stocks are on pace for their worst month of the year this October, with higher Treasury yields, mounting geopolitical risks and muted big tech earnings holding down gains.Investors are looking for Apple's new MacBook line-up to support a softening of sales for its iPhone 15 heading into the holiday quarter.
Caterpillar shares will provide a solid boost for the Dow after the construction equipment giant posted much stronger-than-expected third quarter earnings.AMD, which is looking to ramp its new generation of AI chips, will post fiscal first quarter earnings after the close of trading Tuesday.Pfizer, which warned of a $5.5 billion writedown of its Covid treatment inventories earlier this month, posted a narrower-than-expected third quarter loss Tuesday.
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