Closing Bell: Fossil Group Tanks on Weak Quarter; U.S. Stocks End at Records




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Summary: Wall Street closed at records for its fifth straight session in a row. That's its longest win streak since a six-session stretch in late 1991 to early 1992. Markets were again higher on hints of tax reform. Fossil Group tanked after a disappointing quarter ravaged by currency exchange woes. The watchmaker also guided for a weak full year and said several factors will "cause volatility," primarily foreign exchange and restructuring charges. SodaStream jumped following a far better quarter than expected. The homemade seltzer company reported an 18% increase in sales in Western Europe and 20% increase in the Americas. PepsiCo topped analysts' estimates on its top- and bottom-lines over its recent quarter. Frito-Lay North America sales jumped 10% and North America beverage sales rose 8%.