Mining Stock Makes Waves Ahead of Earnings

Gold, oil both rose for second straight session

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Market Recap
 
 

4/23/2020

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Jobs Data, Treatment Buzz Keep Stock Gains in Check

By Laura McCandless

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The Dow scraped together a 40-point win, as earlier gains were slashed after documents were published on Gilead Science's (GILD) potential coronavirus treatment remdesivir, which drew disappointing results. However, Gilead claims the results of the drug's trial remain "inconclusive." The S&P 500 and Nasdaq slipped below breakeven in the final minutes of trading, as all three indexes had gains pared by this morning's dismal jobs report, which showed that the total number of Americans who have filed for unemployment is now over 26 million.

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

  • Investors eye mining stock after choppy week for commodities. 
  • Why this blue-chip stock dropped before earnings.
  • Plus, TSN fights mounting pressure; Hershey stock melts after quarterly report, and Gap shares grim outlook.  

>> Continue reading...
LATEST HEADLINES

>> Intel Stock Down Ahead of Q1 Earnings Report
Intel's first-quarter earnings report is due out after the close today
>> Mining Stock Contends With Rocky Post-Earnings Past
Freeport-McMoRan is expected to enter the earnings confessional before the bell tomorrow
>> Casino Stock Scores Surprising Lift After Earnings
Las Vegas Sands predicted a speedy recovery for its Asian locations, despite new social distancing measures
>> Stocks Rise Despite Swelling Unemployment Claims
Over the last five weeks, over 26 million Americans have now filed for unemployment
>> Tyson Stock Brushes Off Plant Closures
Tyson is closing a major subsidiary in order to test its employees for COVID-19
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