• Inside Labour

    The 'casualisation' of the workforce is often a ploy to cut costs, says Terry Bell.

  • When drones go dancing

    Drone technology's future is about to come to life in Cape Town, says Arthur Goldstuck.

  • Testing times for Matona

    New Eskom CEO Tshediso Matona has his work out cut out for him, says Mzwandile Jacks.

Data provided by iNet BFA
Loading...
See More

McDonald's sales boost US stocks

Dec 11 2012 07:44 AFP


Related Articles

US stocks push higher, Apple recovers

US stocks dip on fiscal cliff worries

Wall St drops on poor manufacturing data

US stocks gain on revised GDP growth

Wall St up despite fiscal cliff worries

US stocks rise, but Apple weighs

 

Washington - McDonald's, the world's largest restaurant chain, and Chinese economic data that beat estimates bolstered US stocks on Monday as all three major indices finished in positive territory.

McDonald's share price added 1.1% to $89.41, after the company said its November sales rose 2.4% globally. Traders were encouraged by a report that Chinese factory output and retail sales data beat economists' estimates.

The blue-chip Dow Jones Industrial Average gained 14.75 points, to 13,169.88. The broader Standard & Poor's 500 Index rose 0.48 points, to 1,418.55. The technology-heavy Nasdaq Composite Index was unchanged at 2,986.96.

The US currency was lower at 77.31 euro cents from 77.35 euro cents on Friday. The dollar was off against the Japanese currency to ¥82.37 from ¥82.49.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

wall street  |  markets
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Expanding your business requires capital and banks have stringent lending criteria in place.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...