Why Wendy's Stock is Feeling the Heat

The Dow has added roughly 350 points by midday

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Midday Market Check
 
 

2/26/2020

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Stocks Stage Rebound Following Two-Day Skid

By Lillian Currens

Share On

The Dow Jones Industrial Average (DJI) is deep into triple-digit territory at midday in a effort to recoup the two-day slide that devastated the blue chip index. Meanwhile, strong gains in the finance and healthcare sectors are giving the S&P 500 Index (SPX) a boost, with the former getting a lift from a bounce-back in the 10-year Treasury yield. The Nasdaq Composite (IXIC) is also attempting a rebound at the midway mark, led by big gains from FAANG stocks. In other news, Wall Street is looking ahead to U.S. President Donald Trump's conference addressing the coronavirus, slated for this evening at 6 p.m ET.

Continue reading for more on today's market, including: 

  • Lowe's takes a turn in the earnings confessional. 
  • The restaurant stock feeling post-earnings pressure today. 
  • Plus, options pop on MGM stock; Sellas stock surges on positive drug data; and APM stock hits all-time low. 
>> Continue reading...
LATEST HEADLINES

>> Sudden C-Suite Shuffle Weighs on Disney Stock
DIS is trading at its lowest point since April
>> Papa John's Stock Pivots Lower After Guidance Cut
The pizza maker's earnings and revenue topped forecasts, though
>> ETFC Stock Shifts Higher Despite Analyst Bear Note
ETFC has added 7% in 2020
>> Wendy's Stock Sees Post-Earnings Pressure
WEN shared earnings that were in-line with estimates
>> Lowe's Stock Tries to Rebound After Earnings
Lowe's posted Q4 earnings that beat analysts' expectations, but same-store sales and revenue that missed the mark
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