S&P 500 Hits Record Close; Breaches in California Impact 21.3 Million
The S&P 500 jumped today to end the day with a record close. Janet Yellen testified before Congress recognizing that economic data has been slow over the past couple of months, but she believes that the harsh winter weather is partially to fault. California requires that companies report data breaches to the state that impact more than 500 customers. In the past two years the state believes that around 21.3 million accounts have been breached. After failing to make a splash in the fall, McDonald's (MCD) has reintroduced its Mighty Wings but this time at a lower price.The wings were first introduced at $1 per wing but they will now be priced at $3 for 5 wings. McDonald's recognizes that many of its customers don't have extensive amounts of disposable income, therefore they felt the price reduction was necessary.
Word on the Street
- Yellen blames the slow economy on the winter weather.
- Sony (SNE) will be closing 65% of its U.S. retail stores.
- Some restaurants have begun to implement ACA surcharge.
- States vie for Tesla's (TSLA) battery plant.
- McDonald's (MCD) reintroduces its Mighty Wings at lower price.
- J.C. Penney (JCP) stock gains on higher earnings, forecast.
Published on Feb 27, 2014By InvestorGuide Staff