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S&P 500 posts highest close since Feb. 1; PepsiCo a boost

Reuters  |  NEW YORK 

By Caroline ValetkevitchNEW YORK (Reuters) - The S&P 500 rose for a fourth session on Tuesday to post its highest close since Feb. 1, the day before the market began a sharp extended selloff, as strong results from PepsiCo boosted optimism about the earnings season.The consumer staples index climbed 1.3 percent and provided the biggest lift to the S&P 500, driven by PepsiCo , which gained 4.8 percent, while Procter & Gamble rose 2.5 percent and Coca-Cola was up 1.3 percent. The benchmark index is now up 4.5 percent since the end of 2017, rising about 3 percent in the four sessions, helped ...

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First Published: Wed, July 11 2018. 02:34 IST
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