Dow Tumbles 150 Points; McDonald’s Sales Miss Views



U.S. stocks traded lower this morning, with the Dow Jones index falling around 150 points on Monday.

Following the market opening Monday, the Dow traded down 0.41% to 38,494.03 while the NASDAQ fell 0.15% to 15,605.04. The S&P 500 also fell, dropping, 0.18% to 4,949.49.

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Leading and Lagging Sectors


Health care shares rose by 0.6% on Monday.

In trading on Monday, materials shares fell by 2.4%.


Top Headline


McDonald’s Corporation (NYSE: MCD) posted weaker-than-expected sales for its fourth quarter.

McDonald’s reported adjusted EPS of $2.95, beating the consensus of $2.82. Sales of $6.41 billion, up 8% Y/Y (6% in constant currencies), fell slightly short of the consensus of $6.45 billion.


Equities Trading UP


Yield10 Bioscience, Inc. (NASDAQ: YTEN) shares shot up 104% to $0.4673.

Shares of 4D Molecular Therapeutics, Inc. (NASDAQ: FDMT) got a boost, surging 91% to $33.42 after the company announced interim data from the Phase 2 PRISM clinical trial evaluating intravitreal 4D-150 in wet AMD patients with severe disease activity and a high treatment burden.

Chenghe Acquisition Co. (NASDAQ: CHEA) shares …

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