Skip to main content

The Journal Gazette

Monday, December 10, 2012 4:49 pm

News Summary: Stocks eke out gain

The Associated Press

ALMOST FLAT: Stocks eked out a small gain after a report by McDonald's offset worrying news out of Europe, where Italian Prime Minister Mario Monti resigned after former leader Silvio Berlusconi's party dropped its support for the government.

I'M LOVIN' IT: McDonald's gained 93 cents, or 1.1 percent, $89.41 after key sales figure rose in November as U.S. customers bought more breakfast offerings and limited-time Cheddar Bacon Onion sandwiches.

CLIFF HANGER: Investors are still waiting on developments in Washington, where lawmakers are trying to hash out a deal to avoid the "fiscal cliff," a series of tax hikes and spending cuts that will come into effect Jan. 1 if no agreement is in place to cut the budget deficit.