Earnings Report

Two of Europe's largest energy companies said Tuesday that low oil prices weighed on underlying earnings once again in the third quarter and predicted that the price backdrop won't be returning to the heights seen as recently as 2014 anytime soon.

Pfizer Inc. (PFE) on Tuesday reported third-quarter earnings of $1.32 billion.

Pfizer Inc. (PFE) on Tuesday reported third-quarter earnings of $1.32 billion.

Mortgage giant Freddie Mac reported net income of $2.3 billion for the third quarter, reversing a loss in the same period of 2015.

Mortgage giant Freddie Mac reported net income of $2.3 billion for the third quarter, reversing a loss in the same period of 2015.

Sony Corp.'s net profit plunged 86 percent in the last quarter from a year earlier, the company said Tuesday, as its profitability was hammered by a strong yen and lagging smartphone sales.

Sony Corp.'s net profit plunged 86 percent in the last quarter from a year earlier, the company said Tuesday, as its profitability was hammered by a strong yen and lagging smartphone sales.

Oil giant BP says earnings fell 48 percent in the third quarter as the company continued to adjust to lower oil and gas prices.

Oil giant BP says earnings fell 48 percent in the third quarter as the company continued to adjust to lower oil and gas prices.

Royal Dutch Shell says third-quarter earnings rose 18 percent, boosted by increased production after the acquisition of BG Group.

Royal Dutch Shell says third-quarter earnings rose 18 percent, boosted by increased production after the acquisition of BG Group.

Corn Flakes maker Kellogg posted the seventh straight drop in quarterly sales citing weak demand for cereal in the United States, a challenging UK market and "portfolio transformations that have taken longer than anticipated to execute."

Corn Flakes maker Kellogg posted the seventh straight drop in quarterly sales citing weak demand for cereal in the United States, a challenging UK market and "portfolio transformations that have taken longer than anticipated to execute."

Pfizer on Tuesday lowered its earnings outlook for the year and said it was ending the development of a drug in the massive cholesterol-treatment sector.

Pfizer on Tuesday lowered its earnings outlook for the year and said it was ending the development of a drug in the massive cholesterol-treatment sector.

BP reported a near halving in third-quarter earnings on Tuesday and trimmed 2016 spending by another $1 billion as weak prices cut into profits.

BP reported a near halving in third-quarter earnings on Tuesday and trimmed 2016 spending by another $1 billion as weak prices cut into profits.

Royal Dutch Shell's profit beat analysts' forecasts as it announced next year's capital spending will be at the bottom of the expected range.

Royal Dutch Shell's profit beat analysts' forecasts as it announced next year's capital spending will be at the bottom of the expected range.

The S&P 500 and the Nasdaq were slightly higher on Monday as a raft of deals lifted sentiment, even as investors remained cautious ahead of the outcome of the U.S. election next week.