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Stock Market Declines as FedEx and General Mills Report Weak Demand
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U.S. stock indexes experience decline, with S&P 500 falling 1.5% and Dow industrials shedding about 476 points. Nasdaq Composite also eased 1.5%, marking its worst day since October. FedEx reports weakening demand and lowers revenue forecast, causing its shares to drop 12%. General Mills reports drop in sales due to softening demand for snacks and breakfast foods.
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How might the softening demand for snacks and breakfast foods affect General Mills' future performance?
How will the decline in stock indexes impact investor confidence?
What are the potential consequences of FedEx's lower revenue forecast?
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