Wall Street Set To Gain As Pepsi Results Add To Earnings Optimism

(Reuters) - Wall Street was set to open higher on Tuesday as PepsiCo’s quarterly report signaled a strong start to the U.S. corporate earnings season, overshadowing concerns over a possible escalation in trade wars. PepsiCo’s shares rose 2.4 percent in premarket trading after the company’s quarterly revenue and profit topped analysts’ estimates on strong sales in its Frito-Lay unit.