Headscratching. There were size an beats and lots of whiffs. Even when a company did well as we saw with googles parent alphabet, sometimes the mark punished it because the company didnt do well enough. No matter how you cut it, it is all about the earnings this time of year. And today was no different. So lets start with the dow component mcdonalds. The fast food chain Beat Estimates for the third time in a row, posted its First Quarterly samestore sales rise in two years. The driver here, you guessed it, allday breakfast. Got to love that. Shares were up strongly early but then they faded into the close. Susan lee has more. Reporter mcdonalds is proving that less is more. Its latest Quarterly Report card beat Market Expectations of profit, sales and revenue. Whats working for the company . Well, a simpler menu with fewer items for customers to choose from, offerings of allday breakfast items like egg mcmuffins and hotcakes, 2 for 5, two of their main menu items for 5, helping boost s
There were size an beats and lots of whiffs. Even when a company did well as we saw with googles parent alphabet, sometimes the mark punished it because the company didnt do well enough. No matter how you cut it, it is all about the earnings this time of year. And today was no different. So lets start with the dow component mcdonalds. The fast food chain Beat Estimates for the third time in a row, posted its First Quarterly samestore sales rise in two years. The driver here, you guessed it, allday breakfast. Got to love that. Shares were up strongly early but then they faded into the close. Susan lee has more. Reporter mcdonalds is proving that less is more. Its latest Quarterly Report card beat Market Expectations of profit, sales and revenue. Whats working for the company . Well, a simpler menu with fewer items for customers to choose from, offerings of allday breakfast items like egg mcmuffins and hotcakes, 2 for 5, two of their main menu items for 5, helping boost samesource sales.
Investors are enjoying the ride. With just four trading days left in october, the s p 500 is on track to close out its best month in four years. But there are a number of challenges the market has to overcome during the next few weeks and months, from the fed to profits to data. And as dominick chu reports from the new york stock exchange, many of those challenges will unfold in the coming week. This is a week thats going to be chock full of possible catalysts, possible things that could either drive the market up or down. Lets talk about whats going to happen on the big picture Macro Economic front. Youve got a lot of data coming out. Youve got durable goods coming up later on this week. Thats a sign perhaps of what people are buying in terms of things that are built to last more than just a few years. Cars, airplanes, washing machines. Youve also got of course the second day of a big Federal Reserve Central Bank Interest rate meeting. Will they or wont they raise Interest Rates . All
Investors are enjoying the ride. With just four trading days left in october, the s p 500 is on track to close out its best month in four years. But there are a number of challenges the market has to overcome during the next few weeks and months, from the fed to profits to data. And as dominick chu reports from the new york stock exchange, many of those challenges will unfold in the coming week. This is a week thats going to be chock full of possible catalysts, possible things that could either drive the market up or down. Lets talk about whats going to happen on the big picture Macro Economic front. Youve got a lot of data coming out. Youve got durable goods coming up later on this week. Thats a sign perhaps of what people are buying in terms of things that are built to last more than just a few years. Cars, airplanes, washing machines. Youve also got of course the second day of a big Federal Reserve Central Bank Interest rate meeting. Will they or wont they raise Interest Rates . All
Investors are enjoying the ride. With just four trading days left in october, the s p 500 is on track to close out its best month in four years. But there are a number of challenges the market has to overcome during the next few weeks and months, from the fed to profits to data. And as dominick chu reports from the new york stock exchange, many of those challenges will unfold in the coming week. This is a week thats going to be chock full of possible catalysts, possible things that could either drive the market up or down. Lets talk about whats going to happen on the big picture Macro Economic front. Youve got a lot of data coming out. Youve got durable goods coming up later on this week. Thats a sign perhaps of what people are buying in terms of things that are built to last more than just a few years. Cars, airplanes, washing machines. Youve also got of course the second day of a big Federal Reserve Central Bank Interest rate meeting. Will they or wont they raise Interest Rates . All