Manufacturing Contraction in China Sends Major Indices Down (FDX, MCD)

By: , dated March 22nd, 2012
Signs of a potential manufacturing contraction in China had stocks down around the world today, including major US indices. In more positive news, jobless claims were down by 5,000 week over week, and it seems likely that the economy will gain 200,000 net jobs in March. In corporate news, FedEx (FDX) had a tremendous Q3, more than doubling its revenue year over year. Meanwhile, McDonald's (MCD) current CEO is stepping down, and will be replaced on July 1st by 22 year company veteran Don Thompson.

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