McDonald's to open 1,000 more locations

The markets traded higher during the midday with the Dow soaring 152 points to 26,229. Nasdaq gained 23 points to 7425.


McDonald's will open approximately 1,000 new locations around the world and accelerate plans to upgrade its current sites. An additional 3,000 locations will offer self-service kiosks for ordering food and delivery of food to a customer's table when the order is ready. The fast food giant will also expand delivery service to nearly 10,000 locations in the U.S. by 2019.


Amazon will introduce a new voice for its digital assistant Alexa during a Super Bowl ad on Sunday. The upgrade from a more robotic sound to a voice that more closely resembles human speech follows the lead of Apple's Siri make-over last year. Alexa commands 68% of the domestic smart speaker market.


Chicken processors Tyson Foods, Pilgrim's Pride, Perdue Farms and Sanderson Farms have been sued by food distributors for allegedly violating antitrust regulations. Sysco and U.S. Foods have accused the meat companies of conspiring to fix prices. The food distributors previously filed a lawsuit against the chicken processors in 2016 for lowering their output and manipulating prices.


In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 3 on the NYSE and by nearly 6 to 5 on Nasdaq. The broader S&P 500 rose 7 points to 2,829. Bitcoin plunged $132 to $9,987.


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