Wall Street

Carolyn Kaster / AP

Wall Street has given the agricultural sector a boost after Trump administration said it is preparing a plan that would send billions in aid to U.S. farmers hurt by tariffs.

CF Industries Holding and Mosaic Company both traded up more than 3 percent earlier in the day but ended Tuesday with more modest gains. CF Industries finished up less than 1 percent, while Mosaic added 2.3 percent.

Deere & Co. ended with a 3.2 percent gain. Shares in Archer-Daniels-Midland and FMC Corp. also rose.

Nam Y. Huh / AP

Dick's Sporting Goods' fiscal first-quarter performance topped Wall Street's view, bolstered partly by strong online sales. 

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Hershey Co. on Wednesday reported a steep slide in first-quarter profit on a hefty charge, but the results still topped Wall Street expectations.

The Hershey, Pennsylvania-based company saw profit fall 45 percent to $125 million, or 58 cents per share. The drop was due to a $208.7 million charge for property and equipment writedowns.

Earnings, adjusted for one-time gains and costs, were $1.31 per share, which topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.

Donald Trump has released the names of his economic advisers, a list heavy with Wall Street and real estate industry figures, but short of actual economists.

The names include several people from the world of hedge fund and private equity firms, including Steven Feinberg, chief executive and co-founder of Cerberus Capital Management; Thomas J. Barrack, founder and executive chairman of Colony Capital Inc.; and John Paulson, president of a hedge fund company bearing his name.