Reported about 9 hours ago
In midday trading, major U.S. stock indexes rose after several companies reported better-than-expected quarterly results. PepsiCo's shares surged following strong profit and sales figures driven by international demand. Conversely, Elevance Health's shares declined sharply after it lowered its outlook due to rising costs. Other notable moves included CSX and Norfolk Southern shares gaining on acquisition speculation, while Abbott Laboratories faced a drop after revising its yearly outlook downward.
Source: YAHOO