Investors are also digesting another snippet of information on trade talks between the U.S. and China. White House officials are saying that top U.S. trade and economic officials will visit China late next week for another round of negotiations. Wall Street is hoping for a resolution to the damaging trade war between the world's largest economies, which has made goods more costly for companies and consumers.
FedEx plunged after the company told investors that weak economic growth and higher costs will continue to cut into profit and revenue. General Mills blew away profit forecasts for the third quarter as higher prices on some of its products lifted revenue.
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