Oct 12 2006
Stocks advanced thursday, with the dow jones industrial average crossing 11,900 for the first time, after big consumer names like mcdonald’s corp. gave investors hope that earnings would be strong despite a slowing economy.
McDonald’s corp., the world’s largest fast-food chain, forecast third-quarter earnings above wall street’s expectations thursday after posting strong increases in same-store sales for september … its stock jumped to a new six-year high … shares rose $1.04, or 2.5 percent, to $42.29 in morning trading on the new york stock exchange — their highest level since jan. 20, 2000.
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October 12th, 2006 by financetwitter
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