US stocks fall after McDonald's profit warning

A profit warning from McDonald’s discouraged US investors today, reminding them of the weak economy and prompting them to unload stocks.

US stocks fall after McDonald's profit warning
Tue, 17 Dec, 2002 - 21:42

A profit warning from McDonald’s discouraged US investors today, reminding them of the weak economy and prompting them to unload stocks.

Although there was some good economic news, investors still opted to take profits from a substantial advance in the previous session and from a two-month fall rally.

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CourtsHeathrowPlace: USPlace: BostonPlace: Middle EastPlace: Wall StreetPlace: BaltimorePerson: Ed PetersPerson: PennyPerson: Michael MurphyOrganisation: McDonaldOrganisation: NasdaqOrganisation: PanAgora Asset Management IncOrganisation: Federal ReserveOrganisation: Labour DepartmentOrganisation: McDonald’sOrganisation: Best BuyOrganisation: Micron TechnologyOrganisation: OracleOrganisation: Wachovia SecuritiesOrganisation: DowOrganisation: S&POrganisation: New York Stock Exchange
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