It seems like only yesterday McDonald’s debuted its pricey Big Arch and the CEO burger-biting battle was raging — but that was eons ago, aka the first week of March. Now Americans are remembering the tax man cometh and the rent is too damn high, so it’s time for McD’s to return to value with a $3 or less menu and new $4 breakfast meal deals. It turns out Americans would rather spend their luxury dollarsat Chili’s and Applebee’s than eating the Golden Arches’ “product.”
Stocks erased early gains and the S&P 500, Nasdaq 100, and Russell 2000 closed lower on Friday, as did all of the Magnificent 7 companies. US oil futures settled at the highest level since the start of the war.Utilities was the best-performing sector, while info tech was the worst.