Stocks Rally as Yields Retreat, Fed Signals Possible Pause in Rate Hikes

U.S. stocks pushed higher on Tuesday, boosted by falling Treasury yields and more dovish Fed commentary.

Nasdaq led gains, up over 1%. S&P 500 rose 1%, Dow added 0.79%.

10-year Treasury yield fell back to around 4.63% as traders snapped up bonds.

Atlanta Fed President said policy rate at sufficiently restrictive level to curb inflation.

PepsiCo gained after reporting strong organic sales growth and raising full year EPS outlook.