Brokerage upgrades, McDonald's lift market
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Stocks rose on Thursday after brokerages upgraded General Motors Corp.  and Merck & Co.  and McDonald's Corp.  boosted its annual dividend by 50 percent.
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McDonald's Corp.  on Friday said sales at restaurants open at least 13 months rose 8.7 percent in May, helped by strong U.S. breakfast sales and improved performance in China.
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McDonald&#39;s (MCD:NYSE - news - research) raised its annual dividend by 38% to 55 cents Tuesday, enhancing the yield over an already reasonably priced stock that could benefit from steady earnings growth over the next several years.
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McDonald&#39;s Corp. (MCD.N: Quote, Profile, Research) on Tuesday raised its annual dividend 38 percent, a move the world&#39;s largest restaurant chain said is another sign of its revitalization.
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McDonald's Corp. MCD.N on Tuesday  said quarterly net income rose 42 percent helped by strong  sales in the United States and a tax benefit.
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McDonald&#039;s Corp.  on Monday  posted preliminary second-quarter earnings that topped  analysts&#039; expectations as June sales at stores open at least 13  months rose 5.9 percent.
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Stocks rose on Thursday, after data suggested a stronger-than-expected jobs market and an upgrade of General Motors Corp.  sent the auto maker's shares higher.
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McDonald&#39;s Corp. (MCD.N: Quote, Profile, Research) on Tuesday raised its annual dividend by 38 percent, a move the world&#39;s largest restaurant chain said is another sign of its revitalization.
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McDonald's Corp. on Friday said  quarterly profit more than tripled on strong U.S. sales of  products like its new Chicken Selects fried chicken strips,  though changes in the way it accounts for leases trimmed  results.
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McDonald's Corp. MCD.N on Friday  said quarterly earnings more than tripled as its U.S. business  improved further and signaled it might pursue a spinoff or  other options for its Chipotle Mexican-style chain.
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McDonald&#39;s Corp. said Wednesday worldwide sales at its namesake restaurants open at least 13 months rose 3.9 percent in August, helped by strong sales of new menu items, including fried chicken strips.
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Stocks jumped on Thursday, boosted by a brokerage recommendation of General Motors Corp.  and news of a 50 percent dividend increase from McDonald's Corp. .
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McDonald's Corp. MCD.N on Tuesday  said sales at its hamburger restaurants open at least 13 months  rose 5.2 percent in January as strong sales in the United  States and Europe helped it beat some analysts' expectations.
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Stocks extended gains on Thursday, pushing the Dow industrials up more than 1 percent, with support from a brokerage upgrade of General Motors Corp.  and McDonald's Corp.'s  dividend increase.
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McDonald's Corp. MCD.N on Tuesday  raised its annual dividend 38 percent, a move the world's  largest restaurant chain said is another sign of its  revitalization.
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Stocks rose on Thursday after a Wall Street Journal report that Bank of America  is in talks to buy mortgage lender Countrywide Financial Corp  sent financial stocks higher.
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The Nasdaq Composite stock index rose on Thursday, helped by higher-than-expected sales at coffee chain Starbucks Corp. , while blue-chip stocks were little changed before employment data on Friday.