Earnings live: Boeing stock slips as cash burn improves, Caterpillar and Verizon rise, Enphase tumbles

Core Insights - The current week is the busiest for third quarter earnings, particularly for major tech companies [1] - The earnings season has started positively, with 29% of S&P 500 companies reporting results as of October 24, and a projected 9.2% increase in earnings per share for Q3 [2] - This would represent the ninth consecutive quarter of positive earnings growth, although it is a deceleration from the 12% growth seen in Q2 [2] Earnings Expectations - Analysts had slightly lower expectations prior to the quarter, forecasting a 7.9% increase in earnings per share for S&P 500 companies [3] - The "Magnificent Seven" tech companies, including Microsoft, Alphabet, Meta, Apple, and Amazon, are set to report results this week, collectively representing about 25% of the S&P 500 [4] Notable Companies Reporting - Other significant companies reporting this week include Boeing, Visa, Starbucks, UnitedHealth Group, Verizon, Mastercard, Merck & Co., Shell, Exxon Mobil, Chevron, Coinbase, Caterpillar, ServiceNow, Anheuser-Busch InBev, and Eli Lilly [5]