Dow Jones Today Jumps Over 60 Points as Pepsi Kicks Off Earnings Season

The Dow Jones today posted a 61-point gain in pre-market trading after PepsiCo Inc.(NYSE: PEP) posted better-than-expected earnings before Tuesday’s open. Pepsi’s earnings report kicked off Q2 earnings season. Analysts expect a wide range of companies to provide guidance concerning the long-term impact of 2017’s tax cuts and the Trump administration’s recent imposition of tariffs on international trade partners.

Here are the numbers from Monday for the Dow, S&P 500, and Nasdaq:

Index Previous Close Point Change Percentage Change
Dow Jones 24,776.59 320.11 1.31%
S&P 500 2,784.17 24.35 0.88%
Nasdaq 7,756.20 67.81 0.88%

Now here’s a closer look at today’s Money Morning insight, the most important market events, and stocks to watch.

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Money Morning Insight of the Day

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The Top Stock Market Stories for Tuesday
The markets are paying close attention to the ongoing battle between China and the United States on the trade front. The United States slapped China with tariffs on $34 billion in goods on Friday. So far, markets have remained focused on earnings and domestic economic development. However, the tariffs are expected to impact the bottom line of major companies around the globe.

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