Tuesday’s session ended in the red zone. Stocks retreated amid a variety of economic news. 3M posted quarterly data. Third-quarter net income slipped 1.6 percent to $1.09 billion, or $1.52 a share, from $1.11 billion, or $1.53, a year earlier. Illinois Tool Works reported a 20 percent increase in third-quarter net income. The industrial material maker earned $507.6 million, or $1.04 per share, up from $422 million, or 84 cents, a year ago. Meanwhile, DuPont’s details exceeded expectations. Net income climbed 23 percent to $452 million, or 48 cents a share, from $367 million, or 40 cents, a year earlier. Additionally, the chemical maker boosted its full-year forecast. On another note, crude oil tacked on $1.90 to $93.17 a barrel. Elsewhere, consumer confidence declined this month. The Conference Board’s index registered a reading of 39.8, down from 45.4 in September. The result fell short of an expected reading of 46.
