These 2 Stocks Are Powering the Market Higher on Tuesday
The stock market moved higher on Tuesday, rising as investors got more upbeat about the prospects for a sustained economic recovery and the potential for more government spending to stimulate growth. As of noon EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 429 points to 34,432. The S&P 500 (SNPINDEX: ^GSPC) gained 59 points to 4,359, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) climbed 203 points to 14,458.
A couple of stocks stood out in their contributions to the overall rally. PepsiCo (NASDAQ: PEP) reported earnings results that had shareholders excited about the beverage and snack-food giant's prospects for the future. Meanwhile, Netflix (NASDAQ: NFLX) rose to an all-time high as the streaming service got confirmation of its leadership status in the industry it helped to pioneer.
Shares of PepsiCo were up between 1% and 2% at midday on Tuesday. The iconic soft-drink manufacturer reported solid results in its fiscal third quarter and raised its guidance for the full year.
Source Fool.com
