McDonald's stock rises to a record, brushing off investor worries about sales

McDonald’s Corp.’s stock rallied toward a record close Friday, its first in seven months, dismissing Wall Street concerns over declining sales and traffic in an uncertain macroeconomic environment.Wells Fargo’s Zachary Fadem said that after recent conversations with investors, he sees rising fears that the fast-food chain will miss fourth-quarter same-store sales expectations amid growing tensions in the Middle East and an increased promotional environment in the quick-service restaurant industry.Investors ...