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MARKET SNAPSHOT: U.S. Stocks Slightly Up On Europe Report

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.

Stock News for Mcdonalds (MCD)
DateTimeHeadline
04/18/201401:00:34McDonald's to Give China Restaurants a Makeover
03/20/201419:30:11McDonald's to Eliminate COO Position After Fenton Retirement...
03/20/201418:37:13McDonald's to Eliminate COO Position After Fenton Retirement...
03/20/201418:00:18McDonald's to Eliminate COO Position After Fenton Retirement...
03/20/201416:10:41McDonald's to Eliminate COO Position After Fenton
03/20/201415:55:23McDonald's to Eliminate COO Position After Fenton Retirement
03/13/201423:21:03Employees Sue McDonald's For Alleged Wage Theft
03/13/201418:31:17Employees Sue McDonald's, Alleging Wage Theft -- 2nd Update
03/13/201413:57:59Fast Food Employees To Sue McDonald's, Alleging Wage Theft...
03/13/201413:50:09Employees to Sue McDonald's, Alleging Wage Theft
03/13/201413:35:33Fast Food Employees To Sue McDonald's, Alleging Wage Theft
03/11/201419:03:17McDonald's Franchisee Arcos Dorados to Focus Expansion in Brazil...
03/10/201410:56:38MARKET SNAPSHOT: U.S. Stocks Held Back By China, Last Week's...
03/10/201409:30:08U.S. Hot Stocks: Hot Stocks to Watch
02/27/201414:19:34McDonald's to Expand California Testing of 'Build-Your-Own-Burger...
02/27/201410:37:32Correction to Story on Obama Launching Program for Minority Youth
02/27/201406:31:02Obama Launches Program for Disadvantaged Minority Youth
02/21/201414:34:50MARKET SNAPSHOT: Stocks Up After Housing Data, Eye Weekly Gains
02/18/201418:25:44Former McDonald's Franchisee Agrees To Pay Back Wages, Damages
02/13/201408:04:20Burger King Profit Rises 37% as Refranchising Lowers Costs

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