With rising yields testing stocks’ recent surge, investors are eyeing a 30-year Treasury auction today. PepsiCo earnings are on deck as third quarter earnings season begins.
Stocks were set to open lower after signs of escalation in the Middle East and comments from a top Federal Reserve official sent oil prices and yields higher.
The broader market hit new highs Tuesday for the first time since mid-August. Investors await minutes from the Fed's last meeting and a 10-year Treasury note auction later today.
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