Dow futures rise; Fed speakers in focus, PepsiCo lifts forecast
Investing.com -- U.S. stock futures rose Tuesday, boosted by lower U.S. Treasury yields as investors digested commentary from Fed officials while keeping an eye on developments in the conflict between Israel and Hamas.
The main indices on Wall Street closed higher Monday, overturning early losses, buoyed in part by dovish statements from Fed officials, who suggested that a recent move higher in U.S. bond yields could lessen the need for further interest rate hikes.
Their views on the path of interest rates for the remainder of the year will be in focus ahead of Wednesday’s release of theThe soft drinks giant lifted its annual profit forecast for a third time this year, banking on multiple price increases and resilient demand for its snacks and beverages. Its stock rose 2.4% premarket.
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