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PepsiCo, oil help extend Wall Street rally; S&P at four-month high

Reuters 

By Amy Caren Daniel(Reuters) - U.S. stocks rose on Tuesday, with the S&P 500 at a four-month high, as energy shares got a boost from higher crude prices and strong results from PepsiCo signaled a solid start to the earnings season.PepsiCo's shares surged 3.9 percent and were poised for their biggest one-day jump in nearly seven years after the company's quarterly results topped estimates on strong sales of snacks.The company also reaffirmed its full-year forecast amid signs of a gradual recovery in its soda business.PepsiCo drove a 0.82 percent gain in the consumer staples index, with ...

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First Published: Tue, July 10 2018. 22:45 IST
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