Indices closed in red territory on Monday. McDonald’s, Microsoft, Cisco and Kraft led the Dow’s descent. Stocks traded lower on continued euro-zone concerns. Meanwhile, McDonald’s reported quarterly data. The fast-food titan said second-quarter earnings declined to $1.35 billion, or $1.32 a share, from $1.41 billion, or $1.35, a year earlier. Elsewhere, crude oil slipped $1.14 to settle at $91.83 a barrel. Looking ahead, earnings season rolls on tomorrow with details due for release from AT&T and Apple.
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