Nasdaq Falls Over 100 Points; General Mills Earnings Top Views

1. General Mills exceeded earnings estimates, reporting 86 cents EPS versus 81 cents expected. 2. Company revenue reached $4.52 billion, surpassing projections of $4.51 billion. 3. Consumer staples rose by 1.1%, indicating market favor for essential goods. 4. Information technology sector fell 0.7%, affecting broader market sentiment. 5. Housing starts decreased by 8.5%, signaling potential economic slowdown.