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

Published: May 26 2023, 22:41 GMT+0

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

Today 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 data from United States concerning Core Durable Goods Orders was released today at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.3% to -0.2% this month. United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3. United States Pending Home Sales released earlier showed a marked improvement to 0% from the preceding data of -5.2%, but fell short of the 0.5% figure forecast by a consensus of market analysts.

Meanwhile, mixed performances were seen by other consumer discretionary stocks as Amazon gained 4.44%, as it traded at $120.11. Tesla traded at $193.17 after closing today's trading day at $184.47 (up 4.72%). Lowe's added 2.73% to its value, and traded at $206.52.

Over the past 24 days, the fast food company has retreated 4.21% from a noteworthy peak of $298.07.