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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
12/02/201616:41:23Amended Statement of Changes in Beneficial Ownership (4/a)
11/30/201613:17:00Correction to Jim Delligatti Story
11/30/201611:39:00Jim Delligatti, Who Invented the Big Mac, Dies at Age 98
11/26/201607:29:00Local Governments Arrive on Schedule to Buttress Part-Time Workers
11/18/201610:40:00McDonald's Table Service: Fast Food Redefined
11/18/201610:29:00McDonald's Table Service: Fast Food Redefined
11/18/201607:40:00Chipotle, Ackman Near Settlement
11/16/201614:28:50Statement of Changes in Beneficial Ownership (4)
11/15/201614:23:39Statement of Changes in Beneficial Ownership (4)
11/15/201614:20:03Amended Statement of Changes in Beneficial Ownership (4/a)
11/15/201614:19:08Statement of Changes in Beneficial Ownership (4)
11/11/201610:29:00John Paterakis Scored Big With Hamburger Buns, Then Real Estate
11/05/201603:02:00Florence Fights The Golden Arches -- WSJ
11/04/201606:01:57Quarterly Report (10-q)
11/04/201604:29:00Unhappy Meal: McDonald's Battles to Bring Golden Arches to Heart...
10/31/201623:50:00McDonald's Agrees to $3.75 Million Settlement With California...
10/26/201616:09:29Statement of Changes in Beneficial Ownership (4)
10/24/201609:20:00Burger King Parent Reports Slowing Sales Growth
10/22/201603:03:00McDonald's Net Tops Expectations; Sales Gains Cool -- WSJ
10/21/201614:56:00MARKET SNAPSHOT: Dow Edges Lower As GE Results Outweigh Microsoft's...

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