NEW YORK — Stocks edged higher Monday on Wall Street after a strong sales report from McDonald’s (MCD) offset concerns about the surprise resignation of Italy’s prime minister. Investors also waited for developments in crucial U.S. budget talks.
The Dow Jones industrial average rose 14.75 points to 13,169.88. The index traded within a narrow range of just 56 points throughout the day. 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.
McDonald’s rose 93 cents to $89.41. A key sales figure rose in November as U.S. customers bought more breakfast offerings and limited-time Cheddar Bacon Onion sandwiches.
Robert Pavlik, chief market strategist at Palm Beach, Fla...Read More