Tuesday, 8 May 2012 | Posted By:
| Source: CNBC.com
Stocks recovered more than half their losses, but still closed in negative territory Tuesday as political uncertainty in Greece kept investors on edge.
The second-largest hamburger chain in the U.S. reported a quarterly profit that missed Wall Street estimates, mainly on account of higher fresh beef costs.
U.S. stock index futures pointed to a lower open on Wall Street on Tuesday as investors continued to fret over the euro zone following elections in France and Greece over the weekend.
While domestic and global economic conerns could cause some turbulence for some fast-food stocks in the near-term, analysts say the sector still remains a stable area for investors in the longer-term... Read More