U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining over 100 points on Thursday.
The Dow traded up 0.22% to 48,570.07 while the NASDAQ rose 0.48% to 24,130.19. The S&P 500 also rose, gaining, 0.33% to 7,046.04.
Leading and Lagging Sectors
Energy shares climbed by 1.8% on Thursday.
In trading on Thursday, consumer discretionary stocks fell by 1%.
Top Headline
PepsiCo, Inc. (NASDAQ:PEP) posted upbeat earnings for the first quarter on Thursday.
The company reported first-quarter adjusted earnings per share of $1.61, outpacing the analyst consensus estimate of $1.55. Quarterly sales of $19.44 billion beat the Street view of $18.94 billion.
PepsiCo lowered its fiscal 2026 adjusted EPS guidance to $8.46-$8.63 from $8.55-$8.71, compared with the $8.61 estimate. It also cut fiscal 2026 sales guidance to $95.803 billion-$97.682 billion from $97.682 billion-$99.561 billion, compared with the $98.373 billion estimate.
Equities Trading UP
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