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Jabil, Nvidia, General Mills, and More | Global News Avenue

Jabil, Nvidia, General Mills, and More

Main points

  • U.S. stocks were higher at midday ahead of the Federal Reserve’s announcement of another interest rate cut.
  • Nvidia shares rebounded from recent losses on positive reports about its production.
  • Food maker shares tumbled after General Mills cut its full-year forecast.

U.S. stocks higher at midday as market awaits expectations Fed Decided to cut interest rates again. this Dow Jones Industrial Average, S&P 500 Indexand Nasdaq All advanced.

Jabil (JBL) was the best-performing stock on the S&P 500 when the circuit board maker reported better-than-expected results and raised its outlook after announcing a restructuring plan last quarter.

Nvidia stock (NVDA) has rebounded from its recent sell-off after a report was upbeat about the chipmaker’s production outlook, specifically for Blackwell’s NVL/GB200 systems.

Boeing (Bachelor) shares rose after the planemaker said it had resumed full aircraft production after a shutdown caused by a mechanics strike earlier this year.

General Mills (geographic information systemThe company’s shares fell when the grain producer lowered its full-year guidance due to price cuts. The news sent ripple effects throughout the food industry, with Campbell Soup stock (extracorporeal circulation), Kraft Heinz (Hack) and Hormel (HRL) among those who descended.

Newmont Corporation’s stock (noRivals of gold miners also fell along with precious metal prices on concerns that the Federal Reserve will unwind interest rate cuts in the new year.

Oil futures rose. The 10-year Treasury yield was flat. The dollar rose against the euro, pound and yen. Bitcoin fell below $105,000.

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