Dow Gains 100 Points; PepsiCo Posts Upbeat Earnings
PepsiCoPepsiCo(US:PEP) Benzinga·2026-02-03 14:39

U.S. Stock Market - U.S. stocks traded higher, with the Dow Jones index gaining around 100 points, up 0.20% to 49,508.59 [1] - NASDAQ increased by 0.26% to 23,654.18, while the S&P 500 rose 0.09% to 6,984.74 [1] - Materials shares gained by 1.1%, while financial stocks fell by 0.5% [1] PepsiCo Financial Results - PepsiCo, Inc. reported fourth-quarter adjusted earnings per share of $2.26, exceeding the analyst consensus estimate of $2.24 [2] - Quarterly sales reached $29.34 billion, reflecting a year-over-year increase of 5.6%, surpassing the expected $28.972 billion [2] Commodity Market - Oil prices increased by 1.1% to $62.83 [3] - Gold rose by 6.1% to $4,936.80, silver surged 13.1% to $87.060, and copper increased by 3.9% to $6.0545 [3] European Market Performance - European shares declined, with the eurozone's STOXX 600 falling by 0.3% [4] - Spain's IBEX 35 Index decreased by 0.4%, London's FTSE 100 dipped 1%, Germany's DAX slipped 0.2%, and France's CAC 40 fell by 0.5% [4] Asia Pacific Market Performance - Asian markets closed higher, with Japan's Nikkei surging 3.92% [5] - Hong Kong's Hang Seng Index gained 0.22%, China's Shanghai Composite rose 1.29%, and India's BSE Sensex increased by 2.54% [5] Economic Indicators - The Logistics Manager's Index surged to 59.6 in January, the highest level in seven months, compared to 54.2 in December [6]

Dow Gains 100 Points; PepsiCo Posts Upbeat Earnings - Reportify