The three major averages finished Tuesday's session in the red.

The Dow Jones Industrial Average shed 180.45 points, or 0.35%, to end at 51,670.10. The S&P 500 shed just 0.02% to 7,805.45, while the Nasdaq Composite declined 0.15% to 27,204.38.

— Sean Conlon

Short sellers betting against JetBlue and Alaska Air are increasing their wagers against the airlines as energy prices remain elevated as a result of the ongoing conflict in the Middle East.

Per estimates from S3 Partners, short interest in JetBlue has advanced to 30.5% of the company's publicly tradable float, up from 20.6% at the end of 2025. Alaska Air has seen an increase in short interest to 10.8% of the float from 6.4% at last year's end.

To be sure, active long interest has also been rising in the two names. For JetBlue, that's increased to 36.1% of shares outstanding from 25.2% at year-end 2025, while active long interest in Alaska Air has moved up to 36.7% of shares outstanding from 31.7%.

"These are crowded positions in small, volatile stocks," Sam Pierson, director of research at S3, told CNBC. "If oil prices ease, short sellers in JetBlue and Alaska could be forced to cover quickly, and that buying would push the shares higher."

Both stocks were down on Tuesday, with JetBlue and Alaska Air shedding nearly 6% and almost 1%, respectively. In 2026, the stocks have each fallen around 25%.

— Sean Conlon

The outlook of retail estate agents is only getting worse, according to Wells Fargo.

The bank's survey of agents had a record-low share describing their market as friendly to sellers. It also showed an increasingly number of agents reporting negative sales growth compared with a year ago.

"August reads were bad, but conditions further deteriorated in September across all key metrics," Wells Fargo analyst Sam Reid wrote to clients on Tuesday.

But Reid said it's not all "doom" or "gloom," citing constructive early signals for next year.

— Alex Harring

Here are some of the companies making headlines in midday trading:

• Apple — The consumer technology giant gained 1% after unveiling its HomeView smart home hub. This device, powered by Apple Intelligence with Siri AI, is designed for multiple people in a household and will use facial recognition to display pertinent information.
• Meta Platforms – Shares of the social media giant climbed more than 2%, rising for a second day following the rollout of its Muse Wonder artificial intelligence model. The release was well received by Wall Street, with Truist hiking its price target to $1,000 from $763.
• Bumble — The maker of the dating app saw shares soar 56% after announcing that it will be acquired by Ithaca Holdings in an all-cash deal valuing the company at $1.3 billion.

Read here for the full list.

— Darla Mercado and Fred Imbert

The iShares US Healthcare Providers ETF (IHF) hit its highest level since Sept. 2024 before pulling back.

It was up more than 2% at the high and was last up nearly 1%.

Leading the initial way higher was Veeva Systems, which was up 3%. Healthcare technology platform company HealthStream was up 1% too. Both hit new all-time highs, and remained in the green even as the broader ETF turned negative.

— Gina Francolla and Davis Giangiulio

HSBC downgraded software maker Adobe on concerns that "vibe-coded clones" of its products, aided by AI, may dent its sales.

Analyst Stephen Bersey at HSBC said he was cutting his adjusted EPS estimates by between 1% and 2% "to reflect risks that some amateur retail users may migrate out of Adobe."

"ArtCraft (apparently a firm of just a few people) has released what we believe to be an 'auto-coded' free open source clone of Adobe's Creative Cloud suite, including versions of Photoshop, Illustrator, Premiere, Lightroom, Acrobat, After Effects, and InDesign. ArtCraft said it hopes to reach '100% feature parity' with Adobe's software within a month," Bersey wrote.

The bank lowered its price target to $267 from $310, which still implies upside of 10%.

— Tobias Burns

Piper Sandler upgraded VF Corp to overweight from neutral on Tuesday.

Piper Sandler's Fall Teen Survey of about 9,000 respondents found Vans ranked as a top footwear for male consumers. 

"As a favorite footwear brand for all males (vast majority of customer base), Vans maintained its #7 spot vs. declining the past three surveys; for upper income guy, the brand moved up one spot," analyst Anna Andreeva wrote in a note to clients. 

Vans web traffic performance for the fiscal second quarter of 2027 was strong while foot traffic signaled to be positive, she said. Andreeva also raised her target to $20 from $16, implying 26.7% upside from Monday's close.

— Ananya Chetia

Famous investor Paul Tudor Jones delivered some bearish pronouncements on market conditions in a Tuesday interview on CNBC's "Squawk Box."

He compared current conditions to the period just before the dot com bubble popped in the early 2000s, tracing the similarities to increasingly debt-financed capital investments powering the artificial intelligence buildout and global sovereign debt levels.

He said that 2027 is going to be a very challenging year for the stock market and that he'll be short for the duration. He also sees oil prices rising between $20 and $25 dollars from their current levels.

"I'll be short the whole year. There just -- there's little value," Jones said. "You had all this issuance, all these IPOs in 98 and 99, and really 2000, 2001, 2002. Those were the easiest years to be short because you kept having these unlocks that just kept adding supply to the market."

Jones added that he expects another federal bailout to follow the crash he is anticipating.

"We're never going to fix these deficits until the market makes us to. It's going to be just like 2008 and TARP [Troubled Asset Relief Program]. So that's the reality. No politician is going to voluntarily raise taxes or cut spending. They're going to be forced to. And the only question is, are we now at that tipping point where the market's about to do that? And if you put a gun to my head, I'd say 60-40, we're down that path."

— Tobias Burns

The S&P 500 began Tuesday's session slightly in the red.

The broad market index fell 0.1% shortly after the opening bell, while the Nasdaq Composite shed 0.3%. The Dow Jones Industrial Average climbed 359 points, or 0.7%, however.

— Sean Conlon

Weakness in the AI trade continued Tuesday as memory stocks came under more pressure amid worries about Chinese competition.

Micron fell 5%, while others like SK hynix and Western Digital dropped 6% and 7%, respectively.

Meanwhile, comments from Broadcom CEO Hock Tan on AI investors' "extreme expectations" compared some of investment flow into the sector to "casino gambling."

His comments come amid the ongoing debates about open-weight model competition, new frontier models and concerns about financing.

— Paulina Likos

Shares of Goldman Sachs gained more than 4% in the premarket on Tuesday after the bank's third-quarter revenue far exceeded analyst expectations.

The firm posted revenue of $18.68 billion for the quarter, while analysts surveyed by LSEG had penciled in $16.71 billion. Equities revenue for the period also beat estimates.

— Hugh Son and Sean Conlon

Shares of JPMorgan Chase rose around 1% in premarket trading on Tuesday after the bank increased its 2026 forecast for net interest income.

The bank now expects net interest income to come in at $106.2 billion for the year. That's up from its prior guidance of $105.5 billion and above the $105.4 billion that analysts polled by FactSet expected.

— Leslie Picker and Sean Conlon

Domino's Pizza announced results for the third quarter of 2026 on Tuesday, reporting higher third-quarter profit, even as sales growth slowed in the U.S. and international markets.

The pizza chain posted revenue of $1.19 billion, up 3.4% from a year earlier, driven by higher supply chain revenue and global franchise royalties.

Its global retail sales rose 3.2%, slowing from 6.3% a year earlier. U.S. same-store sales increased just 0.3%, compared with 5.2% a year ago, while international same-store sales growth slowed to 0.2% from 1.7%, excluding currency fluctuations.

Net income rose to $152.2 million, or $4.60 per share, from $139.3 million, or $4.08 per share, a year earlier. The result is the first earnings report under new CEO Joe Jordan, who succeeded Russell Weiner earlier this month.

"Our opportunity now is to capitalize on those strengths by getting even closer to our customers, helping our franchisees grow their profitability and turning our best performance into our everyday performance," Jordan said.

— Deena Zaidi

JPMorgan Chase and Wells Fargo were down around 2% each after both banks reported mixed third-quarter results. Here's how they fared:

• JPM: Revenue of $50.91 billion, below an LSEG forecast of $51.22 billion. Earnings per share totaled $5.57, though that  may not compare with a $5.90 forecast.
• WFC: Earnings per share of $1.87 on revenue of $21.87 billion, while analysts polled by LSEG expected a profit of $1.85 per share on revenue of $22.3 billion.

For more, check out CNBC's live coverage of bank earnings here.

— Fred Imbert

The health insurance giant popped 3% on third-quarter results that beat analyst expectations. UnitedHealth earned an adjusted $4.69 per share on revenue of $112.69 billion. Analysts estimated a profit of $4.14 per share on revenue of $111.40 billion.

— Fred Imbert

France's parliament begins debate on the 2027 budget Tuesday as high deficits, rising debt and student protests sharpen the political cost of fiscal consolidation.

Treasury yields moved lower as investors look ahead to key economic data releases this week, including the latest U.S. inflation print.

The 10-year Treasury note yield — the main benchmark for mortgages, auto loans, and credit card debt — fell more than 5 basis points to 5.1937%.

The yield on longer-dated 30-year U.S. Treasurys — which tend to move on geopolitical events — was down 4 basis points at 5.5580%.

The yield on the 2-year Treasury note, which more closely follows short-term Federal Reserve rate decisions, fell more than 2 basis points to 4.7658%.

— Hugh Leask

Luxury goods giant LVMH was trading just below the flatline shortly after the opening bell as organic sales declined in fashion and leather goods in its third quarter amid a slowdown in demand from China.

The Louis Vuitton and Dior owner posted 57.1 billion euros ($63.9 billion) in revenue in the first nine months of 2026. The company saw weakness in its fashion and leather goods offering, with organic sales down 5% year-on-year.

The company's shares were trading just below the flatline shortly after the opening bell and are down 41% since the beginning of the year. The decline weighed on the broader luxury sector, with Kering and Richemont shares also trading lower.

The company said organic revenue growth in its third quarter reflected a "less buoyant environment in China," while the U.S., Europe and Japan saw good growth.

"The problem is fashion and leather is about 75% of the operating profit [for LVMH], so that's really what counts, and the numbers are not good, and it doesn't seem to be looking great for the other peers," AIR Capital's Head of Research Pierre-Olivier Essig said on CNBC's "Squawk Box Europe," on Tuesday.

Essig added that the brand is "lost in translation" when it comes to appealing to the younger generations.

"These Gen A, Gen Z, they're different. They're not going to wait 10 years for a bag or a watch. They want it now. They're very well informed," he said.

— Sawdah Bhaimiya

European luxury stocks fell in early trading after French conglomerate LVMH posted weaker-than-expected earnings after the bell on Monday.

Paris-listed shares of the company were 0.3% lower in early trading. Shares of Switzerland's Richemont were 0.8% lower, while Gucci owner Kering fell 0.4%. Burberry, Moncler and Brunello Cucinelli were all higher.

LVMH reported worse-than-expected organic sales growth in its third quarter earnings on Monday, with weak Chinese demand damaging performance in its leather and fashion brands.

"As the first luxury company to report 3Q26, LVMH's Fashion & Leather miss is unlikely to improve sentiment towards soft luxury," Citi analysts said in a Monday evening note.

Deutsche Bank's Adam Cochrane said in a note that LVMH had "managed to miss relatively weak investor expectations."

"Despite the stock trading at near an all-time low valuation … it is hard to see what could change investor sentiment in the short term," he said, but he noted that his team sees LVMH's performance as a "cyclical rather than structural problem" with "the risk/reward weighted to the upside."

— Chloe Taylor

European stocks opened broadly higher on Tuesday, with the pan-continental Stoxx 600 gaining 0.4% in early deal making. Banking, chemicals and utilities stocks were among the top performers, with London's FTSE 100 leading gains among regional bourses.

— Chloe Taylor

Japan's Nikkei 225 closed 1.82% lower at 67,777.52, while South Korea's Kospi dropped 5.46%.

Australia's benchmark S&P/ASX 200 was flat at 8,783.90.

Hong Kong's Hang Seng index was down nearly 1% in its last hour of trade on Tuesday, while mainland China's CSI 300 closed 0.29% lower at 4,275.68.

— Justina Lee

European chip stocks sank in early morning trade, with semiconductor equipment maker ASML down 3.3%, and STMicroelectronics and German chip maker Infineon both down 5%. Dutch firms BE Semiconductor and ASM International were both around 4% lower at the open.

— April Roach

Oil giant BP said Tuesday that its third-quarter results are expected to include post-tax adjusting items relating to impairment charges in the range of $3 billion to $4.5 billion.

"These charges are primarily attributable to transition businesses in the gas & low carbon energy segment and are excluded from underlying replacement cost profit," the company said in a trading statement.

Its third-quarter earnings will be published in full on Oct. 30.

— Chloe Taylor

The euro was higher against the U.S. dollar and the British pound on Tuesday morning.

By 2:25 a.m. ET, the single currency was up 0.2% versus the greenback, after falling the previous day.

In a Monday note, ING analysts said French fiscal concerns could keep weighing on the euro into the new year. They said they expected EUR/USD to remain in a 1.10 to 1.15 range in the coming months.

It was last seen trading at around $1.1172.

— Chloe Taylor

The Korea Exchange activated a sell-side sidecar on the Kospi, temporarily halting program trading, as South Korean stocks drop. 

A sell-side sidecar is triggered when the Kospi 200 futures index falls 5% or more for at least one minute, stopping trading for five minutes.

— Justina Lee

Asian technology stocks fell Tuesday, tracking U.S. peers that declined ahead of the release of U.S. inflation data later this week.

In Japan, SoftBank Group dropped 6.7%, while chip equipment maker Tokyo Electron fell more than 5%. Advantest lost 6.1%, and Japanese memory chipmaker Kioxia declined 8.8%.

In South Korea, SK Hynix fell 6.5%, while Samsung Electronics slipped 5.6%. Seoul Semiconductor declined 3.1%.

— Justina Lee

Asia-Pacific markets traded lower early Tuesday.

Japan's Nikkei 225 dropped 1.20% while the Topix was flat.

The Kospi declined 3.29% at open, while the small-cap Kosdaq fell 2.49%.

Australia's benchmark S&P/ASX 200 was 0.33% lower.

— Justina Lee

Asia-Pacific markets were set to open lower Tuesday, amid concerns over elevated oil prices.

Japan's Nikkei 225 was poised to decline as trading resumes after a holiday, with its Chicago futures contract at 68,320 and its Osaka counterpart last trading at 68,380, compared with the index's previous close of 69,030.92 on Friday.

Hong Kong Hang Seng index futures were last at 24,228, compared with the index's last close of 24,271.20.

Australia's S&P/ASX 200 was 0.13% lower in early trading.

Renewed concerns over oil supply disruptions drove Brent past $106 per barrel, following the deadly Saudi Airport attack last Saturday which left 12 people dead and more than 300 injured.

— Justina Lee

Big banks JPMorgan Chase, Goldman Sachs, Citigroup and Wells Fargo are due to report earnings Tuesday before the bell. Here's a peek into what analysts expect:

• JPM: JPMorgan Chase is expected to report double-digit earnings growth from the year-earlier period, LSEG data shows.
• GS: The banking giant's top and bottom lines are forecast to have grown 10% and around 6%, respectively, per LSEG.
• C: Analysts expect Citigroup to report sharp year-on-year earnings growth, LSEG data shows.
• WFC: Wells is forecast to post earnings growth of more than 10%, according to LSEG.

For more, check out CNBC Pro's Earnings Playbook.

— Fred Imbert

Shares of Syndax Pharmaceuticals tumbled 15% after the company said axatilimab did not meet its primary endpoint during a Phase 2 trial in which the antibody was used to treat idiopathic pulmonary fibrosis.

"The MAXPIRe trial did not meet its primary endpoint, and we are disappointed by this outcome given the promising scientific rationale in IPF," Nick Botwood, head of research & development at Syndax said in a statement.

If the after-hours losses hold through Tuesday's close, it will mark the stock's worst day since May 6, 2025, when it dropped 22%.

— Fred Imbert

Dow Jones Industrial Average futures rose 22 points. S&P 500 futures hovered around the flatline along with Nasdaq-100 futures.

— Fred Imbert