Stocks higher, 'Hell Week' ahead, McDonald's, Ford, Disney
A Fed rate decision, a big week of earnings and a new Treasury borrowing statement will keep stock markets busy and test the return of global risk appetite.Wall Street will need to pass a series of stern tests this week if it wants to keep hopes of an end-of-year rally alive.
Investors will likely focus on McDonald's ability to maintain profit margins even as its slows the pace of menu price hikes amid easing inflation and a pullback in restaurant traffic.Ford and Stellantis have reached tentative labor agreements with the United Autoworkers' Union, leaving GM as the final Big 3 automaker still to cut a deal.
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