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. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. 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.