Wall Street pushed higher early today, the Associated Press reports, with futures for the S&P 500 rising 0.4% before the bell and futures for the Dow Jones Industrial Average inching up 0.2%.
With earnings season kicking off, PepsiCo shares fell 1% after it lowered its organic revenue forecast for the year. U.S. consumers continue to pull back on buying its snacks and drinks after years of price increases.
DocuSign jumped 5.6% after S&P Dow Jones Indices announced the electronic document signing company would join the S&P MidCap 400. DocuSign will replace MDU Resources, which will be bumped down to the S&P SmallCap 600 after announcing last week that it was spinning off its construction services subsidiary, Everus Construction Group.
Rising bond yields, which sent stocks tumbling on Monday, stabilized early this morning, and oil prices fell after five straight days of gains. Benchmark U.S. crude slipped $1.62 to $75.52. It had gained 3.7% on Monday and is up nearly 11% in October. Brent crude, the international standard, shed $1.68 to $79.25 per barrel. It had also jumped 3.7% Monday.
The dollar fell to 147.79 Japanese yen from 148.18 yen.
