Wall Street begins an extremely abbreviated trading week today, with U.S. stock markets closing at 1 p.m. ET ahead of tomorrow's Christmas Day holiday.
Stocks slumped nearly 1 percent on Friday, but closed off the worst levels of the session, after a Republican plan to avert the "fiscal cliff" fell apart, raising fears a deal will not be reached before the end of the year.
Take a look at some of Friday's midday movers:
Food safety authorities have shut down two chicken farms in eastern China, including one that supplied Yum Brands' KFC and McDonald's.
Fast food giant KFC's Chinese subsidiary pledged on Tuesday to work with authorities in investigating claims by state television that its chicken suppliers had injected anti-viral drugs and growth hormones in its poultry.
Stocks ended in negative territory Thursday, with the S&P 500 snapping a six-day win streak, as ongoing jitters over the "fiscal cliff" negotiations kept investors nervous.
Investors would do well to tune out a few things, Joe Terranova of Virtus Investment Partners says.
U.S. stock index futures held small gains Thursday after a batch of economic data, but worries over the "fiscal cliff" kept investors cautious.
Some of the names on the move ahead of the open.
Mad Money host Jim Cramer explains how a breakup of Yum! Brands could create more profits for the company and investors.
Once considered a terrific international play because of its presence in China, what do you do with Yum! after such a lousy growth forecast?
McDonald's same-store sales turned positive in November, but one analyst cautioned investors against thinking that this one-month reversal necessarily represents a new trend.
The Dow and S&P 500 closed higher for the day and the week following an upbeat government jobs report and amid ongoing "fiscal cliff" negotiations, while the Nasdaq finished in the red.
Now that the port strike is over in LA, officials have found all kinds of illegal stuff like rubber ducks wearing Santa hats.
KFC and Pizza Hut parent Yum Brands said it is rethinking where it opens new restaurants in China and accelerating openings of its high-margin pizza chain in that country.
Markets seem to be stuck in a range, but here are three stocks that saw unusual moves Thursday.
Here's what's moving Thursday midday:
The FMHR traders discuss where Netflix could be headed longer-term, amid its recent boost from its deal with Disney; and CNBC's Mary Thompson reports Yum Brands is on the move after its CEO says he is "very confident" in restaurant sales in China for next year.
The S&P Retail Index hit an historic high yesterday. Yet retailers are weak Tuesday. Huh? According to traders, one firm, Nomura, has been cautious on Gap due to competition concerns. But there's a bigger problem for retailers.
Not having success finding holiday gifts at the mall? You may want to try the food court. Restaurants are trying to whet your appetite for gift cards to dine out, by throwing incentives your way.