The U.S. stock market moved notably higher today, with increased buying in the final hour of the session. At the close of trading, the Dow Jones Industrial Average was ahead 142 points; the S&P 500 Index was up 13 points; and the NASDAQ was higher by 27 points. Meanwhile, there was a somewhat mixed tone to the session, as advancers were just slightly ahead of decliners on the NYSE.
McDonald’s (MCD) has more than 36,000 locations in over 100 countries. In fact, most people recognize the distinctive golden arches of the fast-food giant’s ubiquitous restaurants. The company has more than 36,000 locations in over 100 countries. More than 80% of its restaurants are franchised. At least 40% of the company’s consolidated operating income is derived in the United States. Revenues exceed $20 billion annually.
Since Chinese conglomerate Dalian Wanda acquired it for $2.6 billion in May of 2012, Movie theater operator AMC Entertainment (AMC) has boosted its screen count, aggressively updated the sound and digital-projection of its rooms, and improved food and amenity offerings. Accordingly, the movie chain’s stock has been the best performing component in the exhibitor sector in the time following Wanda’s involvement, nearly doubling the growth of it biggest rival Regal Entertainment, as well as outrunning critical darling IMAX.