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Stock market today: Wall Street slips as its red-hot rally cools some more

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Mcdonalds Corp.,Stocks And Bonds,General News

U.S. stocks are slipping as some more steam comes out of Wall Street’s huge, record-breaking rally. The S&P 500 fell 0.4% in Wednesday morning trading. The Dow Jones Industrial Average sank 202 points, and the Nasdaq composite lost 0.8%.

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McDonald’s helped pull the market lower and dropped 5.3% after federal health officials linked its Quarter Pounder burgers with anthat’s affected at least 49 people in 10 states. Investigators are still trying to find what specific ingredient is contaminated, and the Centers for Disease Control and Prevention said McDonald’s stopped using fresh slivered onions and quarter pound beef patties in several states while the investigation is ongoing.fell 2.

Northern Trust climbed 7.2% after likewise topping analysts’ estimates for profit and revenue in the latest quarter. U.S. stocks have generally been slowing their record-breaking momentum this week under increasing pressure from rising Treasury yields.

 

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