By Caroline Valetkevitch
The company also reaffirmed its full-year forecast amid signs of a gradual recovery in its soda business.
Earnings are expected to become key for investors in the coming weeks as the U.S. reporting period kicks into high gear, shifting the focus away from trade tensions. The United States and China slapped tit-for-tat tariffs on $34 billion of each other's goods on Friday.
"They sold into it (the tariff news), and then it bounced back nicely, but it seems like it's hitting a resistance area on the S&P 500 of 2,800," said Alan Lancz, president of Alan B. Lancz & Associates Inc, an investment advisory firm based in Toledo, Ohio.
"Now it's maybe waiting until earnings on Friday for a catalyst."
The Dow Jones Industrial Average <.DJI> rose 129.34 points, or 0.52 percent, to 24,905.93, the S&P 500 <.SPX> gained 8.05 points, or 0.29 percent, to 2,792.22 and the Nasdaq Composite <.IXIC> dropped 2.60 points, or 0.03 percent, to 7,753.60.
The S&P index reached a peak of 2,795.58, its highest since March 13.
Higher oil prices lifted energy shares. The S&P energy index <.SPNY> rose 0.9 percent as crude oil prices gained on growing supply disruptions in Norway and Libya, but gains were pared after the United States said it would consider requests for waivers from Iranian oil sanctions.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)