Crude Oil Down Over 5%; McDonald's Earnings Top Views
Key takeaways
- The market's mixed performance and oil's decline may impact investor sentiment, while McDonald's earnings indicate a strong second quarter.
- Dow traded up 1.79% to 54,129.35
- NASDAQ rose 2.22% to 26,490.24
- Oil traded down 5.3% to $76.09
What happened
The Dow traded up 1.79% to 54,129.35, while the NASDAQ rose 2.22% to 26,490.24. Oil traded down 5.3% to $76.09, and McDonald's Corp (NYSE: MCD) posted upbeat earnings for the second quarter.
Why it matters
The market's mixed performance and oil's decline may impact investor sentiment, while McDonald's earnings could indicate a strong second quarter for the company.
Short-term and longer-term
Short-term. The market's mixed performance and oil's decline may impact investor sentiment, while McDonald's earnings could indicate a strong second quarter for the company.
Longer-term. McDonald's earnings may indicate a strong second quarter for the company, while the decline in oil prices could be influenced by the 1.8% decline in imports and 0.9% drop in exports in June.
Words on this card
- STOXX 600
- A stock market index of the 600 largest companies in the eurozone
- IBEX 35 Index
- A stock market index of the 35 largest companies in Spain
- FTSE 100
- A stock market index of the 100 largest companies in the UK
- DAX
- A stock market index of the 30 largest companies in Germany
- CAC 40
- A stock market index of the 40 largest companies in France
- Earnings Learn
- A company’s results report — usually profit and sales for a quarter, plus any update on what comes next.