McDonald's maintains composure within $285.73 to $288.71 range

Published: May 27 2023, 00:11 GMT+0

McDonald's maintains composure within $285.73 to $288.71 range

Yesterday at a glance: without a clear direction, McDonald's closed at $286.04 while ranging between $285.73 and $288.71.

This uncertain state for McDonald's is reflected by published market data as United States Core Durable Goods Orders fell short of the 0% projections, with new data of -0.2%. United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 193,100, while the previous figure was 191,500.

Meanwhile, mixed performances were seen by other consumer discretionary stocks as Amazon was up 4.44%. Tesla traded at $193.17 after closing yesterday's trading day at $184.47 (up 4.72%). Lowe's gained 2.73%, as it traded at $206.52.

Over the past 25 days, the fast food giant has retreated 4.21% from a noteworthy peak of $298.07.

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