Midday Report: Hershey Climbs on North American Sales; Q3 GDP Picks Up

U.S. stocks climbed after third-quarter growth in the U.S. economy picked up speed.
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U.S. stocks climbed after third-quarter growth in the U.S. economy picked up speed. Healthy growth kept the Fed's December rate hike timeline intact. Chevron (CVX) - Get Report faced a tough quarter as oil prices remained low, reporting a 35% drop in net income and a 12% decline in revenue. Chevron also upped its quarterly dividend, its 29th straight increase. Hershey (HSY) - Get Report climbed as sales in North America, its major topline contributor, pushed profit higher. However, the chocolate maker anticipates full-year sales growth of just 1%, less than one-third of what analysts anticipated. Xerox (XRX) - Get Report reported a disappointing drop in sales as revenue in its legacy hardware division tumbled 9%. The company also settled a lawsuit that had prevented it from splitting into two by year's end. TheStreet's Keris Lahiff reports from Wall Street.