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US STOCKS SNAPSHOT-Wall St falls on McDonald's, bank worries

Published 06/08/2009, 09:40 AM
Updated 06/08/2009, 09:48 AM

NEW YORK, June 8 (Reuters) - U.S. stocks opened lower on Monday after McDonald's warned on its second-quarter profit and on concerns that a push by banks to repay government bailouts may divert funds from an economic recovery.

* McDonald's Corp fell 3 percent after it warned that second-quarter profit could be reduced by 8 cents to 9 cents a share if foreign exchange rates remained around current levels.

* The Dow Jones industrial average fell 60.99 points, or 0.70 percent, to 8,702.14. The Standard & Poor's 500 Index lost 6.21 points, or 0.66 percent, to 933.88. The Nasdaq Composite Index gave up 15.84 points, or 0.86 percent, at 1,833.58.

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