Hershey Stock Drops on Earnings Whiff

Over the last five weeks, over 26 million Americans have now filed for unemployment

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MIDDAY MARKET CHECK     4/23/2020
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Stocks Rise Despite Swelling Unemployment Claims By Jake Scott Share On The Dow Jones Industrial Average (DJI) is on track for another positive afternoon, up more than 250 points at last check. The blue-chip index has gained traction at midday despite another expectation-topping weekly jobless claims report this morning. Combining this most recent report with the previous four, the total number of Americans who have filed for unemployment is now over 26 million. Additionally, oil prices are continuing to rebound, with June-dated crude futures up 31% at $18.00 per barrel, at last check. Continue reading for more on today's market, including:  Gap stock is dealing with some serious cash-flow issues. A lackluster quarterly report is leaving Hershey stock bitter. Plus, biotech options bears eye ceiling; Wynn Resorts stock abuzz after Vegas reopening plans; and Domino's Pizza in the dumps after pulling guidance. >> Continue reading...
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>> Tyson Stock Brushes Off Plant Closures Tyson is closing a major subsidiary in order to test its employees for COVID-19 >> Hershey Stock Melts After Quarterly Report HSY reported first-quarter earnings of $1.63 per share >> GPS Stock Gaps Lower After Rent Deferment The retailer indicated it may not be able to weather the economic effects of the coronavirus >> Stock Futures Muted After Jobless Claims Oil prices appear ready to resume their rally >> Verizon Stock Eyes Ceiling as Earnings Loom VZ's post-earnings price history has been mostly negative Sponsored Free: Recession Income Bible This free guide reveals 53 ways to generate income during a recession. Download today! Free: The Recession Income Bible
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