SEEL - Dow Gains 150 Points; General Mills Posts Upbeat Earnings | Benzinga
U.S. stocks traded higher this morning, with the Dow Jones gaining more than 150 points on Tuesday.
The Dow traded up 0.47% to 34,680.84 while the NASDAQ rose 0.26% to 13,713.13. The S&P 500 also rose, gaining, 0.37% to 4,460.20.
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Leading and Lagging Sectors
Real estate shares jumped by 0.9% on Wednesday.
In trading on Wednesday, communication services shares fell by 0.2%.
Top Headline
General Mills Inc (NYSE: GIS) reported better-than-expected earnings for its first quarter.
The company reported first-quarter FY24 sales growth of 4% year-on-year to $4.90 billion, beating the analyst consensus of $4.88 billion. Adjusted EPS of $1.09 topped the consensus of $1.08.
General Mills reaffirmed FY24 organic sales growth outlook of 3% - 4%. The company sees FY24 adjusted EPS to grow 4% - 6% in constant currency.
Equities Trading UP
MSP Recovery, Inc. (NASDAQ: LIFW) shares shot up 108% to $0.1951.
Shares of Bluejay Diagnostics, Inc. (NASDAQ: BJDX) got a boost, shooting 61% to $5.00. Bluejay Diagnostics, last month, announced a $1.59 million registered direct offering of 216,000 shares at $7.365 per share.
Fresh Tracks Therapeutics, Inc. (NASDAQ: FRTX) shares were also up, gaining 49% to $0.8670 after the ...