Why Coca-Cola stock is up today: KO climbs as Wall Street turns defensive
Coca-Cola shares climbed 2.5% to $69.23 Thursday, outperforming a flat U.S. market as investors shifted into consumer staples. The move comes after new U.S. dietary guidelines urged less added sugar, putting soda makers under fresh scrutiny. PepsiCo and Keurig Dr Pepper also advanced. Traders are watching for Friday’s U.S. payrolls report.