It’s Friday the 13th – not to mention the fact that there’s a full moon tonight – and one Dow Jones stock has investors feeling very afraid. McDonald’s has fallen sharply over the last week, shedding 5% of its value since last Friday. Adding insult to injury, the Dow Jones index is on a roll, finishing in the green for the past eight straight sessions and the Federal Reserve hasn’t even gathered for its highly anticipated September meeting yet in which interest rates are widely expected to be cut.
Video Killed the Radio Star
So why is Dow Jones component McDonald’s falling out of favor with investors and is the pain expected to persist? One reason could be that the company recently committed to pouring capital into technology, an automated push that includes replacing the human on the…
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Author: Gerelyn Terzo