Stocks Extended Gains for Fourth Session

U.S. stocks ended higher on Tuesday, extending gains for a fourth session, as strong results from PepsiCo boosted optimism about the earnings season. The Dow Jones Industrial Average climbed 143.07 points, or 0.58%, to 24,919.66. The S&P 500 rose 9.67 points, or 0.35%, to 2,793.84. The Nasdaq Composite added 3 points, or 0.04%, to 7,759.20.

Oil futures finish higher on Tuesday, as strikes by workers in Norway and Gabon added to global production outages. August West Texas Intermediate crude tacked on 26 cents, or nearly 0.4%, to settle at $74.11 a barrel. September Brent crude climbed by 79 cents, or 1%, to $78.86 a barrel.

PepsiCo Inc. posted adjusted earnings of $1.61 a share on the back of cost cuts in its various divisions.Organic revenue, which reflects the core operations of PepsiCo and excludes currency fluctuations, rose 2.6%. The company also reaffirmed its full-year forecast amid signs of a gradual recovery in its soda business.

Americans quit their jobs in May at the fastest rate since 2001, showing that workers feel so good about the economy they are willing to leave one company for another. The percentage of people in the private sector who left their jobs by choice rose to 2.7% from 2.5%, the government said Tuesday.

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