S&P 500 posts highest close since Feb. 1; futures fall late

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S&P 500 posts highest close since Feb. 1; futures fall late

The S&P 500 rose on Tuesday to post its highest closing level 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 (.SPLRCS) climbed 1.3 percent and provided the biggest lift to the S&P 500, driven by PepsiCo (PEP.O), which gained 4.8 percent, while Procter & Gamble (PG.N) rose 2.5 percent and Coca-Cola (KO.N) was up 1.3 percent. The S&P 500 has risen about 3 percent in the last four sessions, with upbeat news on the economy as well as earnings helping to offset worries about escalating trade tensions between the United States and China.

https://finance.yahoo.com/news/wall-street-set-gain-pepsi-131420319.html?.tsrc=rss
 
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