Consumer companies rose as traders sloughed off a warning about discretionary spending from one major snack maker.

"Our North America business was softer than we anticipated..."

Blame war in the Middle East for particularly weak sales at gas stations and convenience stores.

Consumer companies rose as traders sloughed off a warning about discretionary spending from one major snack maker.

PepsiCo Q2 results: Revenue beats estimates at $24.18B, but higher gas prices pinch convenience store sales. Stock slides.