Here are the most important news, trends and analysis that investors need to start their trading day:
Traders at the NYSE
Dow futures gained ground Tuesday, a day after the 30-stock average gave up early gains and lost nearly 100 points as concerns about Covid and peaking economic growth overshadowed strong earnings. The S&P 500 dropped slightly and the Nasdaq rose slightly. The Dow and S&P 500 finished less than 1% away from last week’s record close. The Nasdaq ended just over 1% shy of last week’s record close.
PepsiCo announced Tuesday it has agreed to sell Tropicana, Naked and other North American juice brands to a French private equity firm for $3.3 billion. The food and beverage giant will receive a 39% stake in a newly formed joint venture with PAI Partners and the exclusive U.S. distribution rights for the juice brands for certain channels, like food…