Stocks Close Up; McDonald’s Gives Dow A Boost

NEW YORK (December 10, 2012)--Stocks closed with modest gains Monday after a strong sales report from McDonald's, which offset concerns about the surprise resignation of Italy's prime minister.

The Dow Jones industrial average rose 15 points to end at 13,170 Monday.

The index traded within a narrow range of just 56 points.

The Standard and Poor's 500 was up less than a point at close at 1,419.

The Nasdaq composite rose nine points to end the day at 2,987.

McDonald's rose 93 cents to $89.41 after the company reported its sales rose in November as U.S. customers bought more breakfast offerings and limited-time Cheddar Bacon Onion sandwiches.

Italian Prime Minister Mario Monti stepped down after losing support from a key political party.

Rising stocks narrowly outnumbered falling ones on the New York Stock Exchange where volume was lighter than average at 2.9 billion shares.

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