Market Wrap: Cisco Names New Chief; Factory Orders Outpace in March; McDonald's Eyes Turnaround - InvestingChannel

Market Wrap: Cisco Names New Chief; Factory Orders Outpace in March; McDonald’s Eyes Turnaround

Market wrap for May 4th

End of the Day: S&P 500 up 6.2 to 2,114.49; Dow Jones up 46.3 to 18,070.40; Nasdaq up 11.5 to 5,016.93

Market Brief: Markets amid light catalysts Monday.

Cisco announced a replacement for its CEO, John Chambers, who had been at the helm for 20 years.

Factory orders outpaced expectations in March, rising 2.1 percent for the month.

McDonald’s announced a new business structure and outlined new growth plans.

Oil futures fell 0.4 percent to $58.93 per barrel, while gold rose 1 percent to $1,186.80 per ounce.

* Cisco (Nasdaq: CSCO) announced that its Board