Pepsi (PEP) jumps 7% on earnings. The food and beverage maker beat earnings by 9 cents as sales rose a percent to $22.73 billion. The company is focused on making smaller more affordable size products while also providing more nutritional foods and drinks. International sales remain strong.

Abbott Labs (ABT) lower on earnings. The COVID-19 test maker is down 8%, worst day in four years, following better than expected earnings. Sales rose 7.4% to $11.14 billion. The company, however, provided downside guidance for the third quarter due in part to waning demand for COVID-19 tests. Abbott’s impact from tariffs was not as bad as expected.  

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