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U.S. equity futures edged higher Tuesday, with Treasury bond yields largely unchanged, as investors looked to claw back some of yesterday's tech-led declines while eyeing developments in the middle east and a major selloff in China.

Updated at 7:21 AM EDT

No fizz

PepsiCo  (PEP)  shares slipped in premarket trading after the drinks and snacks group cut its full-year sales forecast following a muted earnings report.

PepsiCo posted a 0.6% decline in revenue over the three months ending on September 7, the group's fiscal third quarter, and said full-year sales would rise by "low single digits", down from its prior estimate of a 4% gain.

PepsiCo shares were marked 1.2% lower in premarket trading to indicate an opening bell price of $165.23, a move that would extend the stock's six-month decline to around 3%

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Stocks ended firmly lower on Monday, with the S&P 500 falling just under 1% and the Nasdaq sliding 1.18% following a series of downgrades on big tech names from Wall Street analysts, including Apple  (AAPL) , Amazon  (AMZN)  and Google parent Alphabet  (GOOGL) , that blunted investor sentiment.

A sharp move higher in Treasury bond yields, as well as a supply-concern rally in oil tied to the ongoing war in the middle east region, added to the session's downbeat tone. The benchmark Vix volatility index touched the highest levels since early September.

Focus in Tuesday's session is likely to remain tied to the bond market, with a $58 billion auction of new 3-year notes expected later today, the first of three coupon sales expected to raise $117 billion this week.

Benchmark 10-year note yields were marked at 4.014% heading into the start of the New York trading session, with 2-year notes pegged at 3.965%.

The U.S. dollar index, which tracks the greenback against a basket of six global currency peers, was marked 0.15% lower at 102.384.

On Wall Street, stocks are set for a modest bump at the start of trading, with the S&P 500 priced for an opening bell gain of around 22 points and the Dow Jones Industrial Average called 40 points to the upside.

Related: Goldman Sachs analyst overhauls S&P 500 targets for 2024 and 2025

The tech-focused Nasdaq, meanwhile, is priced for a 95-point opening bell gain thanks to premarket advances for Nvidia  (NVDA) , Tesla  (TSLA)  and Advanced Micro Devices  (AMD) .

Other stocks on the move include Honeywell  (HON) , which was marked 2.8% higher following a report from The Wall Street Journal that suggested it could spin off its advanced materials division.

In overseas markets, European stocks remained stuck in the red following yesterday's weak session on Wall Street and the selloff in Asia stocks overnight, with the Stoxx 600 marked 0.82% lower in early Frankfurt trading.

More Wall Street Analysts:

• Analysts revise Corning stock price targets after investor meeting

• Analysts retool Carnival stock price targets ahead of earnings

• Analyst revisits Costco stock price target, rating ahead of earnings

China's chief economic planner, Zheng Shanjie, briefed reporters in Beijing on the government's stimulus plan. But he provided little detail as to how it would direct the billions in new support it has planned in order to meet aggressive growth targets for the year.

That triggered a big reversal of gains around the region, and although benchmarks in Shanghai and Shenzhen posted solid gains after the Golden Week holiday break, stocks in Hong Kong fell 9.4% by the close, the biggest single-day decline since 2008.

Japan's Nikkei 225, meanwhile, ended 1% lower in Tokyo as tech stocks weakened and the yen found favor against the dollar during the broader Asia selling.

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