Stock Markets Latest News: Stock Futures Pare Gains to Trade Flat After McDonald's Earnings

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Stock Markets Latest News: Stock Futures Pare Gains to Trade Flat After McDonald's Earnings

Stock Markets Latest News: Stock Futures Pare Gains to Trade Flat After McDonald's Earnings
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Stock Markets Latest News: Stock Futures Pare Gains to Trade Flat After McDonald's Earnings

Wochit 1:16 mins

Stock index futures pared gains to trade flat, pressured by a decline in McDonald's shares after its results and as investors booked profits after the S&P 500 index hit yet another closing high to end last week. Russia's finance minister said G20 policymakers have soft-pedaled on goals to cut government debt in favor of a focus on growth and how to exit central bank stimulus with a minimum of turmoil. Disappointing earnings from two American technology giants, Microsoft and Google, weighed on markets after a stellar run that has seen Wall Street?s main indexes post a series of all-time highs. The Standard & Poor?s 500-stock index fell 0.2 percent, the Dow Jones industrial average lost 0.3 percent, and the Nasdaq composite slumped 0.9 percent. Stocks around the world have had a solid week, especially after the Federal Reserve chairman, Ben S. Bernanke, indicated that the central bank?s monetary stimulus may remain in place for longer than many in the markets had been predicting.

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