US Stock Market Morning Session: McDonald's down about 7%, Qualcomm down about 1%, most Chinese concept stocks are up
Dow Jones fell by 0.2%, S&P 500 fell by 0.3%, and Nasdaq fell by 0.4%. Starbucks dropped by about 2%, with the company's third-quarter report falling short and temporarily delaying the release of fourth-quarter guidance. McDonald's fell by about 7%, with serious E. coli infection incidents occurring in multiple McDonald's locations in the United States. Qualcomm dropped by about 1%, with reports stating that Arm has proposed to cancel the license for Qualcomm to use Arm's intellectual property to design chips. Coca-Cola fell by about 4%, following the company's announcement of third-quarter financial results. Trump concept stocks rose, with Phunware up by about 22%. Most Chinese concept stocks rose, with Daqo New Energy up by about 9%. New Oriental Education dropped by about 5%, following the company's announcement of first-quarter financial results