McDonald’s plans more layoffs as it looks to shrink corporate structure–WSJ

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Dow’s jump gets a more than 80-point fillip from McDonald’s, Apple stocks

The Dow Jones Industrial Average late-morning Monday was being buoyed by a pair of consumer-focused giants. Shares of Apple Inc. and McDonald’s Corp. were combining to contribute about 82 points to the Dow , which was up about 140 points, or 0.6%, at 24,448. Better-than-expected profit and revenue for McDonald’s in the first quarter helped to bolster the price-weighted average, while the market was anticipating iPhone maker’s quarterly results after the close of trading on Tuesday. A $1 move in any one of the Dow’s 30 components equates to a 6.89-swing in the price-weighted gauge. Elsewhere, the S&P 500 index was up 0.3%, while the Nasdaq Composite Index advanced by 0.4% at 7,147.

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