PepsiCo stock price jumps 3% as defensive buyers step in — what to watch before earnings
PepsiCo shares rose 3.32% to $153.63 Friday, defying a broader U.S. market drop after President Trump nominated Kevin Warsh as Fed chair. Trading volume for PepsiCo hit 12.6 million shares. Consumer staples outperformed as investors sought safety amid inflation and Fed uncertainty. PepsiCo reports earnings Feb. 3, with investors focused on demand and pricing power.