Stocks Struggle in Late Hours as McDonald’s Slumps: Markets Wrap
- Texas Instruments gives weak forecast following rosy results
- Starbucks suspends 2025 guidance after another sales slump
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Stocks struggled in late hours after downbeat news from some key American companies, with traders also mulling prospects for a slower pace of Federal Reserve rate cuts.
A $600 billion exchange-traded fund tracking the S&P 500 (SPY) wavered after the close of regular trading. Texas Instruments Inc., the biggest maker of analog chips, gave a weak outlook even after topping estimates. Starbucks Corp. pulled guidance for 2025 after sales plunged for a third consecutive quarter. McDonald’s Corp. plunged as its Quarter Pounders were linked to an E. coli outbreak in the US.