The S&P 500 added 0.5% on Thursday, July 17, 2025, notching a record closing high for the first time in a week as June retail sales exceeded economists' forecasts.

PepsiCo jumped 7.5% after delivering revenue and profit that topped Wall Street’s expectations. The drink and snack giant also stood by its financial forecasts given in April, which projected lower full-year profit than previous forecasts due to increased costs from tariffs and a pullback in consumer spending.

What Happened? Shares of food and beverage company PepsiCo (NASDAQ:PEP) jumped 7% in the afternoon session after the company reported second-quarter earnings that surpassed analyst expectations and raised its profit forecast for the full year.

PepsiCo stands ready to serve the soda market’s craving for sugar, CEO Ramon Laguarta pledged Thursday. If the consumer wants them, “we will give the consumer products that have sugar and have natural ingredients,

Taiwan Semiconductor Manufacturing reports a record profit in the second quarter, PepsiCo’s adjusted earnings top forecasts, and GE Aerospace raises guidance for 2025.

In the first quarter, the Frito-Lay maker posted its first quarterly profit miss in at least five years. PepsiCo's revenue fell 1.8% to $17.92B. Analysts on average had estimated $17.77B.