Stock futures traded higher Tuesday and Treasuries jumped as dovish comments from Federal Reserve policymakers helped boost risk appetite. Wall Street continued to assess the impacts of the Israel-Hamas war as it enters its fourth day.Unity Software rose 6.7% in premarket trading after the announcement that John Riccitiello would be retiring as president, chief executive and chairman of the game development platform company.
Northrop Grumman , like other defense stocks, led the S&P 500 on Monday following the Hamas attack on Israel. Northrop jumped 11% and was rising an additional 1% in premarket trading. Lockheed Martin , which gained 8.9% on Monday, rose 0.6% in premarket trading. PagerDuty , a provider of incident management software, declined 6.2% after announcing it planned to offer $350 million of convertible senior notes.
Topline results released by Ventyx Biosciences from its trial of VTX002 in patients with moderate-to-severely active ulcerative colitis were at the lower end of company guidance and the stock sank 21% in premarket trading. PepsiCo is scheduled to report third-quarter earnings Tuesday and analysts expect the beverage and snack maker to post a profit of $2.15 a share, up from $1.97 a year earlier, on sales of $23.41 billion, up from almost $22 billion. However, the report could be more of a referendum on the impact of Ozempic and other weight-loss drugs.
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