General Mills Stock up 4% on Earnings Beat: Stock Market Analysis

General Mills Gains 4% as Earnings Climb

Assistant Director of Client Service Megan Higgins has the market analysis for Wednesday, March 20. Major U.S. stock indexes closed with mixed results. The Dow Jones Industrial Average and S&P 500 declined 0.5% and 0.3%, respectively, while the NASDAQ rose 0.1% as investors reacted to ongoing trade-related uncertainty between the U.S. and China and the Federal Reserve’s wait-and-see decision on interest rates. General Mills’ stock rose more than 4% after the company beat quarterly profit expectations. Although sales volume declined in the most recent quarter, General Mills posted an 8% earnings increase in 2018 and raised its guidance for the fiscal year.

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