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The story that evolved yesterday in terms of Dow Jones components was all about the global food chain, McDonalds. The news that rocked the company share price and later saw it slide more than 5% into the close was all about a food poisoning scare across the US. The fact that the former US president was seen flipping fries in one of their establishments the very day before was just as bizarre as it was coincidental. As the title suggests; one just could not write the script. Well, of course, the McDonalds share price slide ensured it was a bad day for the Dow yesterday and right now the later results from IBM last night have not helped much. A short while ago the Q3 earnings report from Honeywell was released (despite an update here saying there were no Dow components reporting today-that was wrong). Well, the results from Honeywell were mixed, but importantly revenue was below forecasts and so the share price is now lower by more than 2% in the grey market. So, earlier the Dow Jones futures were trying to price a slightly higher opening after spending most of the Asian session in the red. They have just now fallen back again and once more pricing a lower opening this afternoon
The final revision to the University of Michigan consumer sentiment index has actually seen all the readings revised a bit higher. Well quite a bit...
Any minute now the latest US university of Michigan consumer sentiment index will be released but this is the final reading so it might not have much...
Not that long ago Bitcoin managed to take out all the highs seen yesterday and earlier today and led it to press just above the 95k handle for the...
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