Pepsi, oil drive S&P 500 to four-month high


(Reuters) – U.S. stocks rose on Tuesday, with the S&P 500 hitting a four-month high, as energy companies got a lift from firming oil prices and strong results from PepsiCo signaled a flying start to the second-quarter earnings season.

FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 6, 2018. REUTERS/Brendan McDermid

PepsiCo’s shares surged 3.7 percent and were poised for their biggest one-day jump in nearly seven years, after the company’s second-quarter results topped estimates on strong sales of snacks.

The company also reaffirmed…



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