Stocks opened lower this morning, but managed to recover considerable ground as the day progressed. At the end of trading, the major averages were mixed. Specifically, the Dow Jones Industrial Average was down about 17 points; the S&P 500 Index was off just slightly; while the NASDAQ was higher by 16 points.
General Electric, an industrial conglomerate that is in the process of pivoting back to its industrial roots and selling off its financial-related holdings, has reported mixed September-period results, sending shares modestly lower in morning trading.
Shares of McDonald's moved nicely higher after the restaurant operator released solid third-quarter results. Global same-store sales rose 3.5%, reflecting growth in all of the company's reporting segments and marking the fifth-consecutive quarter of positive comps.