Crude Oil Rises Over 1%; General Mills Earnings Top Views - DBV Technologies (NASDAQ:DBVT), General Mills (NYSE:GIS)

U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 1% on Wednesday.

The Dow traded down 0.13% to 48,050.79 while the NASDAQ fell 1.18% to 22,838.26. The S&P 500 also fell, dropping, 0.73% to 6,750.66.

Check This Out: Wall Street’s Most Accurate Analysts Spotlight On 3 Tech Stocks Delivering High-Dividend Yields

Leading and Lagging Sectors

Energy shares rose by 1.3% on Wednesday.

In trading on Wednesday, information technology stocks fell by 1.8%.

Top Headline

General Mills Inc. (NYSE: GIS ) posted better-than-expected second-quarter earnings and reaffirmed its fiscal 2026 outlook.

The company reported second-quarter adjusted earnings per share of $1.10, beating the analyst consensus estimate of $1.03. Quarterly sales of $4.86 billion (down 7% year over year) outpaced the Street view of $4.781 billion.

Equities Trading UP
           

Vyne Therapeutics Inc (NASDAQ: VYNE ) shares shot up 57% to $0.63 after the company announced it entered into a definitive merger agreement pursuant to combine with Yarrow Bioscience. Shares of Udemy Inc (NASDAQ: UDMY ) got a boost, surging 27% to $6.80. Coursera signed an all-stock merger agreement with Udemy. DBV Technologies SA – ADR (NASDAQ: DBVT ) shares were also up, gaining 28% to $23.09 after the company announced topline results from the Phase 3 VITESSE trial met its primary endpoint.

Equities Trading DOWN

Vistagen Therapeutics Inc (NASDAQ: VTGN ) shares dropped 81% to $0.81 after the company announced PALISADE-3 Phase 3 study did not achieve its primary endpoint. Shares of Children’s Place Inc (NASDAQ: PLCE ) were down 39% to $4.46 following worse-than-expected third-quarter financial results. Kyverna Therapeutics Inc (NASDAQ: KYTX ) was down, falling 32% to $7.00 after the company announced pricing of $100 million public offering of common stock.

Commodities

In commodity news, oil traded up 1.7% to $56.21 while gold traded up 0.9% at $4,371.80.

Silver traded up 4.6% to $66.205 on Wednesday, while copper rose 1.4% to $5.4340.

Euro zone

European shares were mostly higher today. The eurozone's STOXX 600 gained 0.39%, while Spain's IBEX 35 Index rose 0.28%. London's FTSE 100 jumped 1.60%, Germany's DAX 40 rose 0.04% and France's CAC 40 declined 0.03% during the session.

Asia Pacific Markets

Asian markets closed mostly higher on Wednesday, with Japan's Nikkei gaining 0.26%, Hong Kong's Hang Seng gaining 0.92%, China's Shanghai Composite rising 1.19% and India's BSE Sensex falling 0.14%.

Economics

The volume of mortgage applications fell 3.8% in the week ended Dec. 12, following a 4.8% growth in the previous period. U.S. crude oil inventories declined by 1.274 million barrels in the week ended Dec. 12, compared to a 1.812 million barrel fall in the previous week and versus market estimates of a 1.1 million barrel draw.

Now Read This:

How To Earn $500 A Month From Micron Stock Ahead Of Q1 Earnings

Photo via Shutterstock

DBVT DBV Technologies SA $21.44 19.2% Overview GIS General Mills Inc $48.47 3.08% KYTX Kyverna Therapeutics Inc $7.11 -30.6% PLCE Children's Place Inc $4.50 -38.8% UDMY Udemy Inc $6.62 23.3% VTGN Vistagen Therapeutics Inc $0.7772 -82.2% VYNE VYNE Therapeutics Inc $0.6194 53.8% Market News and Data brought to you by Benzinga APIs

© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Add Comment | 1

---

Posted In: Earnings Equities News Eurozone Commodities Intraday Update Markets Trading Ideas