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Dow drops over 200 points as General Mills beats earnings estimates

Company Fundamentals
01 Jul 2026
Benzinga
View Source
Bearish
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U.S. stocks fell Wednesday with the Dow Jones dropping over 200 points, led by declines in tech stocks. General Mills reported better-than-expected Q4 earnings, with 95 cents per share versus the 80 cents forecast, and sales of $4.61 billion beating estimates. Despite the earnings beat, overall market sentiment was cautious amid mixed sector performance and weaker U.S. job growth in June. Asian markets closed higher while European shares declined. Commodity prices including oil and metals also fell slightly.

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