Here's What McDonald's and Caterpillar Just Said About the Stock Market Boom
The stock market was turbulent on Thursday morning, initially reacting positively to strong economic data but then giving up some of its early gains. Investors are scouring through earnings reports to get any insight they can about the pace and sustainability of the rebound in the U.S. economy. The latest reports from McDonald's (NYSE: MCD) and Caterpillar (NYSE: CAT) gave two different perspectives on the current environment, and they also showed just how ambivalent investors are in evaluating what near-term results truly mean for a company's long-term prospects.
Published:4/29/2021 11:45:03 AM