XTLB - US Stocks Edge Lower Ahead Of Fed's Decision; General Mills Earnings Top Views | Benzinga
U.S. stocks traded slightly lower this morning, ahead of interest-rate decision from the Federal Reserve.
Following the market opening Wednesday, the Dow traded down 0.01% to 39,106.88 while the NASDAQ fell 0.06% to 16,157.27. The S&P 500 also fell, dropping, 0.02% to 5,177.26.
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Leading and Lagging Sectors
Utilities shares rose by 0.5% on Wednesday.
In trading on Wednesday, energy shares fell by 0.5%.
Top Headline
General Mills, Inc. (NYSE: GIS) reported better-than-expected fourth-quarter financial results.
General Mills reported a third-quarter FY24 sales decline of 1% year-on-year to $5.099 billion, beating the analyst consensus estimate of $4.962 billion. Adjusted EPS of $1.17 beat the analyst consensus estimate of $1.05.
Equities Trading UP
ETAO International Co., Ltd. (NASDAQ: ETAO) shares shot up 106% to $0.2950. The company announced a reverse stock split.
Shares of XTL Biopharmaceuticals Ltd. (NASDAQ: XTLB) got a boost, surging 78% to ...