Wall Street closes again at a profit – Iex.nl

NEW YORK (Reuters) – Stock markets in New York Monday embroidered with small profits on the strong pluses last Friday. McDonald’s has focused attention on Wall Street by disclosing significant reorganization plans.

The Dow Jones index ended 0.3 percent higher at 18070.40 points. The broad S & amp; P 500 rose 0.3 percent to 2114.48 points and the technology bellwether Nasdaq gained 0.2 percent to 5016.93 points

McDonald’s came up with plans for the fast food chain back on the right track. to get. The company faces stiff competition on the US domestic market, while sales of Big Macs and Happy Meals also come under pressure from the growing demand for healthier food. Therefore, the divisional structure will be changed and are used more franchisees. This should help the entrepreneurial spirit and innovation in the business to stir up again, says McDonald’s. Also wants the company to pay this year to $ 9 billion to shareholders.

Credit Rating

However, investors were not overly impressed with the plans of McDonald’s and the proportion was 1.7 percent down. Rating agency Standard & amp; Monday Poor’s lowered the credit rating of the fast-food company.

Berkshire Hathaway, the investment company of US billionaire Warren Buffett, came Friday after market with quarterly results out. The profit was almost 10 percent. Investors were pleased with the figures and Berkshire climbed 2 percent.

Successor

Furthermore, the producer of networking equipment Cisco Systems announced that a successor has been appointed to CEO John Chambers since 1995, heads up the company. Cisco rose slightly.

The US government said Monday that factory orders in the US rose in March by 2.1 percent, the strongest increase in eight months. In February factory orders were still slightly down. On Friday, the government’s key report on the US labor market.

Oil

The price of a barrel of American oil slumped 0.3 percent to 58, $ 95. Brent oil was slightly cheaper at $ 66.45.

The euro was worth 1.1149 dollars against 1.1152 dollars at the close of the European markets.

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