Wall Street is kicking ass lately:
A late rally sent stocks sharply higher -- with the Dow ending at a 21-month high and the Nasdaq Composite closing above the 2000 mark for the first time in almost two years -- as the traditional Santa Claus rally continued into the last trading week of the year.
According to early tallies, the Dow gained about 125 points to 10,450; the Nasdaq added 33 points to 2006; and the S&P 500 rose more than 13 points to 1109.
And the "Mad Cow Scare" doesn't seem to be effecting the fast food places:
CHICAGO (Reuters) - McDonald's Corp., Burger King and Wendy's International Inc. said on Monday hamburger sales have held steady since the first case of mad cow disease in the United States surfaced last Tuesday.
The continuity of sales at the three largest U.S. hamburger chains suggests American consumers' willingness to shrug off the mad cow incident as an isolated case they believe will have little bearing on food safety.
Shares of McDonald's and Wendy's continued their recent recovery Monday, rising more than 1 percent on the New York Stock Exchange in afternoon trade. Burger King is privately held.
I'll take mine rare.
Monday, December 29, 2003
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Posted by Scott at 6:47 PM
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