The Ticker A Look Back At The Week Past On Wall Street
Ronald McDonald’s attempt to grow up seems to be working. More than 100 million people ordered an Arch Deluxe in its first month, exceeding even McDonald’s Corp.’s expectations. The world’s largest burger chain needs to attract more adults and sell them higher-priced sandwiches to lift profit margins, analysts said. Company-operated stores in the U.S. made 15 cents on every dollar in sales in the first quarter, down from 16.3 cents a year earlier. Despite the good news, its stock fell 3/8 to close at 48 Friday. … Microsoft just can’t be stopped. It jumped this week, hitting a record of 123 in intraday trading Friday. Microsoft shares closed at 121-1/4, up 1-7/16.
U.S. bonds posted their biggest losses in two months on Friday as evidence of a booming job market heightened concern the Federal Reserve will soon raise bank lending rates to prevent inflation. … The health insurer Humana said its second-quarter earnings will be disappointing because of an unusually high number of claims for treatment in most of its markets. Humana, which closed down 4-1/8 at 19 on Friday, said it was still losing money in Washington D.C. and other new markets and was considering pulling out of some areas.