Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.3%), Nasdaq Composite (-0.2%), and DJIA (+0.7%) now trade in a relatively stable range.

General Mills (GIS 37.42, +2.62, +7.51%)  is trading higher after reporting its Q4 (May) results this morning. General Mills bounced back from a rare EPS miss last quarter, with adjusted EPS of $0.95 nicely above expectations. Revenue increased 1.2% year-over-year to $4.6 billion, marking a return to growth and coming in line with consensus. The results showed clear sequential improvement, particularly on profitability, though the 53rd week and favorable timing provided meaningful support. GIS also guided FY27 adjusted EPS to $3.00-3.20, in line with expectations, and expects organic sales to range from down 1.5% to up 0.5%.