Coca-Cola stock ticks lower as CPI looms; KO investors eye rates and February earnings
Coca-Cola shares fell 0.2% to $70.39 by midday Monday, trailing a 1.1% gain in the Consumer Staples Select Sector SPDR Fund. Investors are watching Tuesday’s U.S. inflation report for clues on Fed policy. Coca-Cola will report earnings on Feb. 10. PepsiCo is set to release results a week earlier.