Why Did McDonald’s and Fortive Increase on June 7?
McDonald’s (MCD), which is an American fast food company with over 36,000 restaurants in more than 100 countries around the world, was the S&P 500’s third-best performer on June 7. After regaining strength on Wednesday, McDonald’s opened higher on Thursday and surged to nine-week high price levels. The buying pressure in McDonald’s increased on Thursday amid the company’s efforts to streamline the management structure.