My top 10 things to watch Tuesday, Oct. 29 1. The S & P 500 is headed for a muted open Tuesday after Wall Street on Monday started the busy week of earnings and economic data on a high note. Stocks were supported by U.S. crude oil recording its worst one-day loss in two years. Oil is up a little more than 1% Tuesday. 2. We have seen a quiet degradation of anything soft — like PepsiCo , Procter & Gamble , Colgate-Palmolive and Coca-Cola — even if they are good.
That's according to Gordon Haskett Research Advisors. 8. Pfizer crushed estimates with third-quarter earnings and revenue. The drugmaker also provided a huge guidance boost. Pfizer's Covid vaccine and antiviral pill Paxlovid helped boost sales. Management reiterated intention to take out $4 billion in costs by year-end. 9. Embattled Boeing offered 112.5 million shares at $143 each to bolster its finances hurt by the more than six-week machinists strike and to protect its credit rating.
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