Dow Closes Lower After McDonald's Drop

S&P 500, Nasdaq both slightly up
By Newser Editors and Wire Services
Posted Jul 26, 2016 3:19 PM CDT
Dow Closes Lower After McDonald's Drop
John McNierney, right, trading GE stock for Citadel Securities, updates John Panin, left, and Greg Rowe, second left, with the stock's price at the New York Stock Exchange, Friday, July 22, 2016.   (AP Photo/Mark Lennihan)

Stocks are ending mixed after a day of wavering between small gains and losses as investors pore over a big batch of company earnings reports. McDonald's dropped 4.5%, the biggest loss in the Dow Jones industrial average, after the hamburger chain reported disappointing sales growth in the US, the AP reports. Texas Instruments jumped 8% after the technology company reported quarterly results that were better than anticipated. The Dow lost 19 points, or 0.1%, to 18,473, weighed down by the drop in McDonald's. The Standard & Poor's 500 index edged up less than a point to 2,169. The Nasdaq composite rose 12 points, or 0.2%, to 5,110. (More Dow Jones stories.)

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