Browsing: Stock

U.S. stock markets closed higher on Thursday as artificial intelligence (AI) trade regained momentum. Decline in crude oil prices despite the continuation of the Middle East war also boosted market participants’ sentiments. All three major stock indexes ended in positive territory

Shares of food and beverage company PepsiCo (NASDAQ:PEP) fell 4.1% in the morning session after the company reported mixed second-quarter results, with an earnings per share miss weighing on investor sentiment despite a revenue beat.