PEP - US Stocks Higher; PepsiCo Posts Upbeat Earnings | Benzinga
U.S. stocks traded higher this morning, with the Nasdaq Composite gaining around 0.5% on Tuesday.
Following the market opening Tuesday, the Dow traded up 0.23% to 38,328.19 while the NASDAQ rose 0.51% to 15,529.65. The S&P 500 also rose, gaining, 0.45% to 5,033.06.
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Leading and Lagging Sectors
Communication services shares climbed by 1% on Tuesday.
In trading on Tuesday, materials shares fell by 0.9%.
Top Headline
PepsiCo Inc (NASDAQ:PEP) reported upbeat earnings for its first quarter.
PepsiCo reported first-quarter FY24 sales growth of 2.3% year-on-year to $18.25 billion, beating the analyst consensus estimate of $18.079 billion. Adjusted EPS of $1.61 beat the consensus estimate of $1.52.
Equities Trading UP
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