Uncertainty over policies from a Donald Trump administration contributed to volatile trading. Stocks held lower through the morning session, while the Volatility Index (VIX.X) spiked 6%. Halliburton (HAL) moved lower after falling short of quarterly estimates and reporting a 21% slump in total revenue. Overseas activity showed continued weakness, while its North American business returned to profit. McDonald's (MCD) was one of the biggest losers on the Dow as investors fretted over domestic weakness. The world's largest burger chain reported a 1.3% drop in same-store sales in the U.S. over its recent quarter. Qualcomm (QCOM) was downgraded to neutral from buy at Nomura. Analysts said the company faces increased legal scrutiny, which could affect its pending NXP Semiconductors (NXPI) deal.
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