"Daily Stock Market Insights: Key Updates and Pre-Market Essentials"

The stock market rallied for the third consecutive day despite concerns over the Israel-Hamas conflict. Bond yields fell, boosting equities, while Pepsico's positive profit outlook also contributed to the market's rise. Israeli troops are gathering at the Gaza Strip border in preparation for a potential invasion, aiming to neutralize Hamas' military capabilities. Birkenstock is set to begin trading on the NYSE after pricing its IPO shares at $46. Exxon Mobil announced its acquisition of Pioneer Natural Resources in a $60 billion all-stock deal, strengthening its position in U.S. fossil fuel production. House Republicans will vote on a new speaker, with Steve Scalise and Jim Jordan as the leading candidates.