Stocks Rise for Third Day as Yields Fall on Fed Hopes; Pepsi Gains While Boeing Slumps

Stocks gained for a third day Tuesday as treasury yields declined amid hopes the Fed is finished raising interest rates.

Oil prices pulled back with West Texas Intermediate falling 0.5% to $85.97 a barrel.

Pepsi stock rose after beating earnings expectations, while Boeing missed big on MAX production.

Truist Financial stock jumped 6.6% on reports it will sell its insurance business for $10 billion.

All 11 S&P 500 sectors were up Tuesday as stocks reacted positively to dovish Fed comments.