Wednesday’s decline in the S&P 500 placed the benchmark index on track for a third day as Treasury rates kept rising.
In contrast to the Nasdaq Composite, which fell 0.5%, the broad market index fell 0.3%. With a 287-point drop, or about 0.7%, the Dow Jones Industrial Average trailed. Following the U.S.
Centres for Disease Control and Prevention’s announcement that an E. coli epidemic linked to the fast-food giant’s Quarter Pounder burgers had resulted in 10 hospitalisations and one death, Dow member McDonald’s witnessed a decline of over 7%.
Starbucks’ stock declined 2% following the release of preliminary quarterly results that revealed a decline in sales.
Source (CNBC)
