PepsiCo Remains Favourite on Wall Street

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PepsiCo Remains Favourite on Wall Street. The stock exchanges in New York settled with a profit on Tuesday, which led to a sequel to the advance of the recent period. Investors on Wall Street included figures from the PepsiCo soda and snack company that were very popular.

 

The Dow-Jones index closed 0.6 percent higher at 24,919.66 points. The broad-based S & P 500 gained 0.4 percent to 2793.84 points, and the technology yardstick Nasdaq slightly increased to 7759.19 points.

PepsiCo, the producer of Lay’s-chips and Pepsi-cola, has won 4.8 percent, the most substantial price gain in a long time. The company succeeded in increasing its sales with its snack sales, now that fewer and fewer sugary drinks are being sold. The net profit of PepsiCo fell considerably lower as a result of a tax burden. Industry partner Coca-Cola hitchhiked and climbed 1.3 percent in value.

In any case, the focus will again be on the quarterly and half-yearly figures. Later this week, the big American banks JPMorgan Chase, Wells Fargo and Citigroup will come out with results.

Furthermore, Tesla (plus 1.2 percent) was interested. According to media reports in China, the maker of electric cars is going to build a factory that will eventually have to roll out up to 500,000 cars per year. With a factory in China, Tesla wants to avoid import duties on American cars. The company would also like to benefit from the fast-growing market for electric cars and lower production costs in the Asian country.

The oil funds also had the wind in their backs. ExxonMobil, Chevron and ConocoPhillips booked up to 1.3 percent. Oil service providers such as Halliburton and Schlumberger received 1.7 percent.

Department store chain Nordstrom was lowered 2.7 percent. The expectations for the company’s longer-term growth in turnover did not go down well with investors. Nordstrom also received a reduction in investment advice from his trousers. Internet merchant eBay also received a write-down and lost 2.3 percent.

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