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4/30, 2:11 PM (Source: TeleTrader)
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Dow rises over 100 pts premarket after McDonald's earnings

The Dow Jones Industrial Average rose over 100 points in premarket trading on Wall Street on Tuesday following strong earnings from McDonald's.

The fast-food chain announced earlier its earnings per share for the first quarter of 2019 stood at $1.72, marking an increase of 5% compared to the same quarter last year. Meanwhile, revenue amounted to $4.96 in the first quarter, a 2% higher result than a year ago.

The blue-chip index gained 85 points at 8:12 am ET, while the S&P 500 was flat and the Nasdaq 100 lost 0.64%.

Breaking the News / JC