Apple

The iPhone maker's shares dropped 1.9%. The new chief executive, John Ternus, warned of weakening profit margins thanks to high memory costs in an earnings call on Monday.

Deutsche Lufthansa

Shares of the German airline group rose about 4% after it reported an increase in third-quarter profit. Lufthansa said it was able to offset increased fuel costs through savings and higher revenue.

Koninklijke Philips

Shares of the Dutch health-technology company jumped nearly 5% after it reported stronger profitability in the third quarter thanks to robust sales.

Advanced Micro Devices

AMD reported earnings after the bell that beat Wall Street's sales expectations and made progress in its transition to becoming a data center-first company. The stock closed up 3.7%, but was climbing around 7% in after-hours trading.

Marathon Petroleum

Shares of the petroleum refiner slipped 0.7%. Fellow oil refining company CVR Energy agreed to pay $4.2 billion to buy two refineries from Marathon. The company also reported that its profit surged during the third quarter.

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WEDNESDAY'S EVENTS:

-- Economic data: Services PMI, EIA petroleum status report, U.S. trade balance, ADP employment report

EARNINGS EXPECTED:

Uber Technologies

Qualcomm

Arm Holdings

McDonald's

Kraft Heinz

News Corp

New York Times

Novo Nordisk

McKesson

Allstate

Metlife

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Palantir Slides

On Monday, Palantir reported 96% revenue growth for the third quarter and profit that more than doubled from a year earlier. The company even raised its full-year guidance.

Chief Executive Alex Karp described the momentum as "unmatched in recent economic history."

So why did its shares close down 1.7% on Tuesday?

Worries about Palantir's ability to keep up its breakneck pace of growth and justify its $400 billion-plus valuation. Palantir said it struck deals worth $2.9 billion in the quarter, down from $3.4 billion in the prior quarter.

"We believe the debate is increasingly about sustaining acceleration against a larger base, rather than whether underlying demand remains strong," said Jefferies analyst Brent Thill.

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Graphic

Packaging Soars

A beaten-down stock is bouncing back on better-than-expected earnings. The report, from Graphic Packaging, tripped up traders who were positioned for more bad news from the paper-packaging giant.

Graphic topped Wall Street's sales and profit expectations and signaled that a cascade of worrying news might be reversing. Shares shot up 21% in response.

Graphic's stock remains more than 25% lower than it was a year ago, when bad news began to pile up for the firm.

The construction budget ballooned by more than 60% at its recycled-boxboard plant in Waco, Texas. The CFO left, followed by the CEO. Investors battled over his replacement. Forecasts were slashed.

Analysts say they are uncertain if Graphic's efforts to cut costs will continue to be enough to offset inflation.

-- Ryan Dezember