A weaker-than-expected jobs report sparked a widespread market rally in the last session of the week, as traders increased expectations on potential interest rate cuts later this year.
Greene's filing on Thursday marks her first periodic transaction report since June 2022, adhering to the "Stock Trading on Congressional Knowledge Act."
Hershey posts Q1 FY24 earnings, surpassing estimates with a 8.9% sales surge to $3.252 billion. Notably, North America Confectionery segment sees a 10.4% boost to $2.707 billion. With a robust gross margin expansion of 520 basis points to 51.5%, Hershey reports a 21.3% rise in gross profit to $1.67 billion.
Stocks look set to carry forward the upward momentum on Friday amid some earnings cheer, although a tinge of nervousness is evident ahead of the all-important non-farm payrolls report.