Stocks Rise as Treasury Yields Fall, Reducing Rate Hike Expectations

U.S. stocks opened higher Tuesday as Treasury yields fell sharply and rate hike hopes ease.

The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all rose in early trading.

Comments from Fed officials suggest recent gains in Treasury yields could reduce the need for more rate hikes.

Traders are pricing in a high chance of no rate hike at the November Fed meeting.

PepsiCo and Palantir shares rose on positive earnings and contract news.