Stocks Rebound as McDonald's Earnings Beat Lifts Dow Over 1.5%
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Stocks rose Monday, with the Dow up 1.6% to 32,928 led by gains for McDonald's after strong earnings.
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McDonald's earnings beat expectations thanks to menu price increases and higher same-store sales growth.
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The S&P 500 and Nasdaq also posted solid gains of over 1% each, rebounding after last week's dip into correction territory.
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Key events this week include the Fed meeting, October jobs report, and Apple earnings after Thursday's close.
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Spirit Realty soared on news it will be acquired by Realty Income in a $9.3 billion deal.