U.S. stocks declined on Tuesday as oil prices climbed to $60 a barrel, taking the shine off better-than-expected earnings from soft-drink maker PepsiCo Inc. and biotechnology company Genentech Inc.. Shares of PepsiCo added 1.9 percent to $55.87 on the New York Stock Exchange after the No. 2 soft drink maker said quarterly profit rose on strong growth in its international business, Reuters reported. Shares of Genentech Inc. advanced 1.2 percent to $84.50 a day after the company reported second-quarter revenue and earnings that exceeded Wall Street forecasts. The Dow Jones industrial average was down 29.59 points, or 0.28 percent, at 10,490.13. The Standard & Poor's 500 Index was down 2.09 points, or 0.17 percent, at 1,217.35. The technology-laced Nasdaq Composite Index was down 5.55 points, or 0.26 percent, at 2,129.88. Higher oil prices increased worries that additional costs for businesses would hurt profits as well as curb consumer spending. --More 2246 Local Time 1946 GMT
