McDonald's Stock Surges Toward 5th-straight Record Close

By Tomi Kilgore Markets MarketWatch Pulse

McDonald's Corp.'s stock surged Monday toward a fifth-straight record close, as investor awaited the fast-food giant's first-quarter report. The stock was up as much as 1% to an an all-time intraday high of $134.76 earlier in the session, before paring some gains to be up 0.7% in afternoon trade. The stock has now run up 2.2% during its record-closing streak. McDonald's is scheduled to report first-quarter results before the market opens on Tuesday. McDonald's stock has now surged 10% year to date, while the Dow Jones Industrial Average has gained 5.2%. Shares of rival Wendy's Co. climbed 2.1% in afternoon trade, and have soared 8.2% amid a four-session win streak, putting them on track to close at the highest level since Aug. 27, 2007. Meanwhile, Jack in the Box Inc.'s stock tacked on 0.9% toward a two week high, and shares of Taco Bell parent Yum Brands Inc. rose 1.5% toward a two-month high.

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