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      Crude Oil Gains Over 2%; PepsiCo Posts Upbeat Q1 Earnings

      U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining over 100 points on Thursday.

      The Dow traded up 0.22% to 48,570.07 while the NASDAQ rose 0.48% to 24,130.19. The S&P 500 also rose, gaining, 0.33% to 7,046.04.

      Leading and Lagging Sectors

      Energy shares climbed by 1.8% on Thursday.

      In trading on Thursday, consumer discretionary stocks fell by 1%.

      Top Headline

      PepsiCo, Inc. (NASDAQ:PEP) posted upbeat earnings for the first quarter on Thursday.

      The company reported first-quarter adjusted earnings per share of $1.61, outpacing the analyst consensus estimate of $1.55. Quarterly sales of $19.44 billion beat the Street view of $18.94 billion.

      PepsiCo lowered its fiscal 2026 adjusted EPS guidance to $8.46-$8.63 from $8.55-$8.71, compared with the $8.61 estimate. It also cut fiscal 2026 sales guidance to $95.803 billion-$97.682 billion from $97.682 billion-$99.561 billion, compared with the $98.373 billion estimate.

      Equities Trading UP
                 

      • Myseum Inc (NASDAQ:MYSE) shares shot up 201% to $4.34. The company announced a rebrand to Myseum.AI.
      • Shares of Aehr Test Systems (NASDAQ:AEHR) got a boost, surging ...

      Full story available on Benzinga.com


      Source: Benzinga
      .

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