Listed here are an important information, tendencies and evaluation that buyers want to start out their buying and selling day:
1. Wall Avenue set to bounce as Dow appears for an additional file
Merchants on the NYSE
Supply: NYSE
PepsiCo announced Tuesday it has agreed to sell Tropicana, Naked and other North American juice brands to a French private equity firm for $3.3 billion. The food and beverage giant will receive a 39% stake in a newly formed joint venture with PAI Partners and the exclusive U.S. distribution rights for the juice brands for certain channels, like food service. PepsiCo shares rose modestly in the premarket.
2. 10-year Treasury yield rises after Monday’s sharp drop
3. Average daily new U.S. Covid cases top last summer levels
A poster for New Orleans healthcare workers is seen with the slogan ‘Won’t Bow Down’ on Frenchmen Street on April 24, 2020 in New Orleans, Louisiana.
Chris Graythen | Getty Images
The spread of the delta Covid variant has been stoking uncertainty in financial markets. The seven-day average of new daily coronavirus cases in the U.S. reached 72,790 on Friday, surpassing the peak seen last summer, when the nation didn’t have a Covid vaccine, according to CDC data. As of Monday, the seven-day average was 85,459. The CDC said that 80% of all U.S. counties have high and substantial Covid transmission levels. To combat the spike, Louisiana on Monday became the second state to revive its mask mandate, joining Nevada. San Francisco and neighboring counties reinstated mask mandates. McDonald’s, Target and Kohl’s were the latest companies to require masks for store employees in high-risk regions.
4. Clorox, Eli Lilly see earnings hurt by tough Covid comparisons
Clorox Disinfecting Wipes canisters move along a conveyor belt at the company’s manufacturing facility in Forest Park, Georgia, on Wednesday March 10, 2021.
Matt Odom | Bloomberg | Getty Images
An Eli Lilly and Company pharmaceutical manufacturing plant is pictured at 50 ImClone Drive in Branchburg, New Jersey, March 5, 2021.
Mike Segar | Reuters
Eli Lilly fell short of quarterly profit and revenue expectations, hurt by weaker sales of its Covid therapies as vaccinations gained pace in the U.S. Sales of its antibody treatments dropped over 80% in the quarter. Lilly in April lowered its expectations for sales of those drugs. Looking ahead, the drugmaker lowered its annual sales forecast. Shares lost roughly 1.5% in the premarket.
5. Under Armour, Simon see pops on sales as retail recovers
People walks past a Under Armour clothing store in Siam Center, Bangkok.
Guillaume Payen | SOPA Images | LightRocket | Getty Images
Shoppers ascend and descend escalators at the King of Prussia Mall, owned by Simon Property Group, United State’s largest retail shopping space, in King of Prussia, Pennsylvania.
Mark Makela | Reuters
Simon Property Group saw sales at its shopping malls and outlet centers bounce back to pre-pandemic levels in its latest fiscal quarter, as Americans shopped for clothes, shoes and other items. The largest U.S. mall owner is hoping the improved results encourage retailers to sign new leases and help it fill space vacated during the pandemic. Shares rose about 3% in Tuesday’s premarket.
— Reuters contributed to this report. Follow all the market action like a pro on CNBC Pro. Get the latest on the pandemic with CNBC’s coronavirus coverage.