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Wall Street set to gain as Pepsi results add to earnings optimism

Reuters 

By Amy Caren Daniel(Reuters) - Wall Street was set to open higher on Tuesday as PepsiCo's quarterly report signaled a strong start to the U.S. corporate earnings season, overshadowing concerns over a possible escalation in trade wars.PepsiCo's shares rose 2.4 percent in premarket trading after the company's quarterly revenue and profit topped analysts' estimates on strong sales in its Frito-Lay unit."The first major earnings report came out, and PepsiCo's earnings beat expectations and that's a good start for the market," said Peter Cardillo, chief market economist at Spartan Capital ...

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First Published: Tue, July 10 2018. 18:44 IST
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