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Reuters .- The S & P 500 rose for the fourth consecutive session Tuesday to record a peak since February 1, the day before the beginning of a prolonged wave of sales to the market, as the PepsiCo Inc.'s good results spurred optimism about the results season.
The Consumer Staples Index climbed 1.3% and provided the biggest boost to the S & P 500, thanks to the 4.8% rise in PepsiCo shares. 2.5% of Procter & Gamble papers and 1.3% of Coca-Cola titles
See also: PepsiCo sales point to a gradual recovery
The repository has has increased by 4.5% since the end of 2017 and has increased by almost 3% in all four rally sessions, thanks to positive news on the economy and profit reports.
Concerns about rising bond yields and the potential acceleration of inflation they caused the February sales wave, which confirmed a correction in the market.
Earnings reports will be crucial in the coming weeks for investors, who will divert their attention from recent trade tensions. The United States and China reciprocally imposed duties on imports worth $ 34 billion Friday.
Not to be missed: the United States prepares more rights for 200 billion dollars to Chinese products
Banks JPMorgan Chase, Wells Fargo and Citigroup will present their results on Friday. Their shares fell Tuesday after they led market gains on Monday.
The Dow Jones Industrial Average rose 143.07 points, or 0.58%, to 24,919.66 units, while the S & P 500 gained 9.67 points, or 0.35%, to 2,793.84 units. Nasdaq rose 3 points, or 0.04%, to 7,759.20 units.
PepsiCo's shares rose after the company's quarterly results exceeded estimates for robust snack sales. The company has also reaffirmed its forecast for the year as signs of a gradual recovery in its soft drink business have emerged.
In general, the S & P 500 companies would post a 21% growth in earnings in the second quarter. on the April forecast, showed data from Thomson Reuters.
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