Sales report from McDonald's helps push stock market higher
BY Associated Press
Tuesday, December 11, 2012
12/11/12 at 3:31 AM
Stocks edged higher Monday after a strong sales report from McDonald's Corp.
The Dow Jones industrial average rose 14.75 points to finish at 13,169.88. The index traded within a narrow range of just 56 points throughout the day.
Shares of McDonald's rose 93 cents to $89.41. A key sales figure for the fast-food chain rose in November as U.S. customers bought more breakfast offerings and limited-time Cheddar Bacon Onion sandwiches.
McDonald's, one of the 30 stocks in the Dow, was trading as high as $100 at the beginning of 2012.
The Standard and Poor's 500 finished 0.48 point higher at 1,418.55. The Nasdaq composite ended up 8.92 points at 2,986.96.
