Oil prices surged more than 4.5% on reports of potential U.S. military operations in Iran, pushing bond yields higher. PepsiCo beat quarterly revenue expectations but cut full-year earnings-per-share guidance due to challenges in North America. Goldman Sachs upgraded Palantir to buy with a $230 price target, while HSBC downgraded Constellation Brands to hold. Levi Strauss shares fell nearly 4% after a disappointing quarter in its direct-to-consumer business, and Stifel slashed its FedEx Freight price target from $160 to $129.
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