Friday Finishes with Gains, Ending One of the Best Weeks of the Year (CHK, MCD)

Markets finish the week on a high note, recording gains across the board, nearing the best week of the year. Friday's forward movement is courtesy of rumors Spain will finalize bailout negotiations within the next week or so. The troubled country is expected to officially request help from the European Union on Saturday. In corporate news, Chesapeake Energy (CHK) is selling $4 billion worth of pipelines to help relieve more than a $20 billion cash shortfall. McDonald's (MCD) reported an increase in sales for May despite a decrease in the Asian market, which has helped power them through recent periods.

Word on the Street

Interesting Tidbits

Published on Jun 8, 2012
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

Posted in ...