Why McDonald's, Mastercard Are Moving the Market This Morning
The stock market has struggled to get its footing this week, with a full slate of financial results creating considerable volatility. On Thursday morning, however, Wall Street looked like it might finally get some sustained relief from the losses it has suffered recently. As of shortly before 9 a.m. ET, futures on the Dow Jones Industrial Average (DJINDICES: ^DJI) were up 251 points to 33,477. S&P 500 (SNPINDEX: ^GSPC) futures had gained 56 points to 4,235, while Nasdaq Composite (NASDAQINDEX: ^IXIC) futures had jumped 242 points to 13,251.
Most headlines have focused on the tech giants that have reported their latest financial results this week. However, there are plenty of old-economy stocks that are also contributing to the positive mood within the investing community Thursday morning. Below, you'll learn why investors are pleased with what fast-food giant McDonald's (NYSE: MCD) and credit card specialist Mastercard (NYSE: MA) said about their latest results.
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Source Fool.com
