NEW YORK (AP) — The stock market edged higher as a big week of earnings kicked off Monday.
The results from a handful of large U.S. companies were mixed. McDonald's had a rough quarter, hurt by weaker global sales. Hasbro extended a merchandise deal with Disney, although the toy maker's second-quarter sales fell.
The world's biggest hamburger chain reported a profit that fell short of financial analysts' estimates. McDonalds expects flat sales in July and warned of a tough year ahead. The company's stock fell $2.97, or 3 percent, to $97.30 at 10:07 a.m. Eastern Daylight Time.
The Standard & Poor's 500 index rose less than a point to 1,692. The Dow Jones industrial average fell 12 points to 15,530. The Nasdaq composite rose three points 3,590.
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