PepsiCo stock climbs as investors crowd into defensive staples during Wall Street slide
New York, January 14, 2026, 14:32 (EST) — Regular session Shares of PepsiCo (PEP) climbed 1.7%, reaching $145.98 in afternoon trading on Wednesday. The rise followed a shift toward defensive sectors after mixed earnings from major banks weighed on financial stocks, with losses spilling over into tech, Reuters reported. “These stocks had a strong run-up … so a pullback is…