And Hasbro posted earnings that beat expectations, but sales fell short of estimates, dragged by a drop in revenue at its boys and pre-school product lines.
Yahoo and Texas Instruments are scheduled to post earnings after the closing bell.
So far, nearly 25 percent of S&P 500 companies have posted results so far, with almost 60 percent of firms posting earnings above estimates. Meanwhile, only about 39 percent of firms have topped revenue expectations.
Monster Beverage tumbled more than 10 percent after the FDA released an incident report that showed five people may have died in recent years after drinking Monster Energy.
FedEx announced it will hire approximately 20,000 seasonal workers and said it expects 280 million shipments between Thanksgiving and Christmas, a 13-percent increase.
European shares closed lower. Meanwhile, Spanish Prime Minister Mariano Rajoy clinched election victory in his home region of Galicia in a result seen as overcoming a hurdle on the path to a formal bailout request.
On the M&A front, Ancestory.com jumped after the genealogy website agreed to be acquired by European private-equity firm Permira in a deal valued at nearly $1.6 billion.
With about two weeks to go before the U.S. presidential election on November 6, President Barack Obama and Republican challenger Mitt Romney will face off in their final televized debate at 9 pm ET. The most recent NBC News/Wall Street Journal poll put the two candidates tied at 47 percent.
—By CNBC's JeeYeon Park (Follow JeeYeon on Twitter: @JeeYeonParkCNBC)
Coming Up This Week:
TUESDAY: Richmond Fed manufacturing index, 2-yr note auction, FOMC meeting begins, Apple event; Earnings from DuPont, 3M, United Technologies, UPS, Coach, Xerox, Amgen, Facebook, Netflix, Gilead Sciences
WEDNESDAY: Weekly mortgage apps, new home sales, FHFA home price index, oil inventories, 5-yr note auction, FOMC mtg announcement; Earnings from AT&T, Boeing, Bristol-Myers, Delta, Eli Lilly, Akamai, Symantec, Zynga
THURSDAY: Durable goods orders, jobless claims, Chicago Fed nat'l activity index, pending home sales, Kansas City Fed survey, 7-yr note auction; Earnings from Altria, AstraZeneca, ConocoPhillips, P&G, Aetna, AutoNation, Credit Suisse, Dow Chemical, Pulte, Sprint, United Continental, Apple, Amazon.com, Coinstar
FRIDAY: GDP, consumer sentiment, Windows 8 released; Earnings from Comcast, Merck
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