The S&P 500 reached a record high after June retail sales exceeded expectations. PepsiCo saw its stock rise after beating quarterly estimates. Elevance Health cut its full-year guidance due to ACA and Medicaid costs, causing a sharp decline in shares. Snap-On shares surged nearly 8% after strong Q2 sales. Lithium prices rose as China’s Zangge Mining halted production. PepsiCo reported better-than-expected sales and profits, leading to a 7.5% jump in shares. Elevance Health shares plummeted 12.2% after missing profit estimates and lowering its forecast. Abbott Laboratories posted strong revenue but narrowed its full-year outlook, causing shares to fall. Omnicom’s second-quarter profits were down due to acquisition costs, leading to a drop in shares.

Read more at Yahoo Finance: Pepsi Stock Turns Higher; Elevance Health Tumbles