By STAN CHOE, AP Business Writer

NEW YORK (AP) — U.S. stocks are drifting near their record heights on Friday, while oil prices sink.

The S&P 500 rose 0.2%, coming off just its second loss in the prior 10 days . The Dow Jones Industrial Average was up 138 points, or 0.3%, as of 10:15 a.m. Eastern time, and the Nasdaq composite was 0.2% higher.

PepsiCo climbed 3.3% to extend its gain from Thursday after the snack and drinks giant reported a better profit for the latest quarter than analysts expected.

That helped to offset a sharp loss for Levi Strauss, which dropped 10.1% even though it reported a stronger profit for the latest quarter than analysts expected.

Its forecast for profit over the full year was also within range of Wall Street’s estimates, but the jeans and clothi

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