Stock futures, Hurricane Milton, PepsiCo earnings

Stock futures (ES=F, NQ=F, YM=F) and Treasury yields (^TYX, ^TNX, ^FVX) move higher Tuesday morning as markets look to Thursday's Consumer Price Index (CPI) reading.

Hurricane Milton — which has been raised to a Category 5 storm — nears its landfall with Florida as residents prepare for the storm; insurance stocks have fallen while shares of generator manufacturer Generac (GNRC) have soared this week so far.

Lastly, soft drink and snack giant PepsiCo (PEP) released mixed third quarter earnings results and revised its North American sales outlook for 2024.