Member access

4-Traders Homepage  >  Shares  >  Nyse  >  McDonald's Corporation    MCD   US5801351017

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

McDonald's Corporation : MARKET SNAPSHOT : U.S. Stocks Slightly Up On Europe Report

06/08/2012 | 12:10pm US/Eastern
Recommend:
0

By Kate Gibson, MarketWatch

U.S. stocks tallied mild gains after President Barack Obama urged Europe to act quickly to combat its economic crisis and Reuters said Spain was readying to ask for help for its banks.

The Dow Jones Industrial Average (DJI) rose 20.89 points, or 0.2%, to 12,481.85.

McDonald's Corp. (MCD) led blue-chip declines after the fast-food chain reported global sales at stores open at least 13 months rose 3.3% in May, short of expectations, on sales declines in Japan and China.

The S&P 500 (SPX) rose 2.08 points, or 0.1%, to 1,317.07.

The Nasdaq Composite (RIXF) gained 11.39 points, or 0.4%, to 2,842.42.

Advancers pulled ahead of decliners on the New York Stock Exchange, where 243 million shares traded as of 12:05 p.m. Eastern.

Reuters cited sources in Brussels and Berlin in reporting Spain would likely request euro-zone help with recapitalizing its banks during the weekend, with an announcement expected on Saturday.

In nationally televised comments to reports in the White House briefing room, Obama gave Europe a "to-do" list.

U.S. stocks had declined on economic reports from Europe furthered concern about the global economy, with German exports declining more than projected and Italian industrial production contracting in April.

And, cheer over China's first interest-rate cut in years also dissipated as investors considered what Thursday's move said about where the global economy is headed.

Instead of boosting confidence that China's economic moderation can be reversed, the People's Bank of China's cut "reinforced why it happened to begin with, the slowdown is beginning to hurt," emailed Peter Boockvar, equity strategist at Miller Tabak.

In the U.S., the Commerce Department on Friday reported the U.S. trade deficit narrowed 4.9% in April to $50.1 billion.

Recommend :
0
React to this article
Latest news on MCDONALD'S CORPORATION
8h ago McDonald's replaces U.S. chief for the second time in two years
11h ago MCDONALD : Russia keeps up pressure on McDonald's with new inspections
11h ago MCDONALDS : Regulation FD Disclosure (form 8-K)
13h ago MCDONALD : names new US president again
13h ago MCDONALD : Announces New USA President Following Retirement of Jeff Stratton
17h ago MCDONALD : Russia's food agency suspends McDonalds
18h ago After food safety scares, China retailer offers baby milk insurance
1d ago After Russia targets McDonald's, businesses wonder who's next
1d ago MCDONALD : Report: Russia conducts checks at McDonalds
1d ago MCDONALD : Russia making checks at McDonald's in two more regions - Ifax
Advertisement
Chart
Duration : Period :
McDonald's Corporation Technical Analysis Chart | MCD | US5801351017 | 4-Traders
Income Statement Evolution
McDonald's Corporation : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF