Companies
Uber rallies as McDonald's makes it preferred app delivery partner
Uber shares rose 3.8% and McDonald's (NYSE: MCD) jumped 1.8% Monday, the day the companies announced a multiyear expansion of their delivery partnership. Under the deal, Uber becomes the preferred delivery partner for orders placed in the McDonald's app in markets including the U.S., Canada and the U.K. Bloomberg reported that McDonald's will prioritize Uber over DoorDash (Nasdaq: DASH) for those orders. McDelivery generates more than $20 billion a year, McDonald's executive Mason Smoot said. Even after Monday's gain, Uber stock sits 24.4% below its 52-week high.
The numbers
| McDonald's (MCD) price | $281.44 |
|---|---|
| McDonald's (MCD) change | +1.78% |
| McDonald's (MCD) market value | $200 billion |
| McDonald's (MCD) 52-week high | $341.06 |
| Uber Technologies (UBER) price | $71.17 |
| Uber Technologies (UBER) change | +3.76% |
| Uber Technologies (UBER) market value | $150 billion |
| Uber Technologies (UBER) 52-week high | $94.10 |
| S&P 500 change | +2.35% |
| 10-year Treasury yield | 4.88% |
Monday’s close
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