Stocks Edge Up as Investors Hope for Soon Pause in Fed Rate Hikes

Stocks open slightly higher on Tuesday as investors hope the Fed will pause rate hikes soon. The Dow rises 0.3%, S&P 500 gains 0.2%, and Nasdaq adds 0.2%.

Dovish comments from two Fed officials suggest rate hikes may end soon as higher yields tighten conditions. But IMF warns policy should stay tight with inflation still high.

Treasury yields drop with 10-year falling from 16-year peak. Investors watch Middle East clashes between Israel and Hamas.

PepsiCo shares rise after earnings beat estimates. Fed officials Bostic, Kashkari, Waller and Daly speak later today.

Stock futures edge up as focus stays on potential Fed pause. Dow futures add 0.17%, S&P 500 futures gain 0.11%, Nasdaq 100 futures rise 0.12%.