Treasury yields increased on Wednesday, while stock futures declined as the S&P 500 had its first consecutive drop since early September.
The broad market index-related futures shed 0.1%. While the Nasdaq-100 futures fell 0.2%, Dow futures fell 154 points, or 0.4%.
Following news that an E. coli outbreak linked to the fast-food giant’s Quarter Pounder burgers had led to 10 hospitalisations and one fatality, McDonald’s saw a 6.1% decline in stock value.
After the coffee chain released preliminary quarterly statistics indicating that its sales had declined once more, Starbucks saw a 5% decline.
Source (CNBC)
