Stocks Opened Lower, Following European Market

U.S. stocks opened lower on Monday, following European equities as geo-political tensions continue to rattle sentiment. The Dow Jones Industrial Average lately fell 36.47 points, or 0.20%, to 17,812.99. The S&P 500 was off 4.47 points, or 0.21%, to 2,088.36. The Nasdaq Composite was down 14.20 points, or 0.28%, to 5,054.26.

McDonald’s worldwide sales declined by 0.3% in May, the fast food giant said on Monday, but still beat expectations. The worldwide sales decline of 0.3% beat expectations of a 0.9% decline. Last month they fell 0.6%, also topping expectations.

Sears Holdings Corp (SHLD) reported a smaller first-quarter loss as it cut advertising and other costs, but sales continued to tumble. For the quarter ended May 2, net loss attributable to shareholders was $303 million, or $2.85 per share, following a loss of $402 million, or $3.79 per share, a year earlier. Overall revenue slumped 25 percent to $5.88 billion.

Apple Inc. is assembling a high-speed network and upgrading how it builds data centers, a push to be more competitive with Amazon.com Inc., Google Inc. and Microsoft Corp. in cloud services,

Deutsche Bank AG’s shares rose sharply Monday as investors welcomed a shake-up its top management. Sunday’s news that co-Chief Executives Anshu Jain and Jürgen Fitschen would resign and hand the reins to supervisory board member John Cryan came after several years of legal battles and weak results had eroded investor confidence in Germany’s largest bank at home and abroad.