US STOCKS-Wall St gains on McDonald's and tech stocks

Mon Dec 10, 2012 12:22pm EST
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* McDonald's shares rise on November sales

* Investors look for progress in Washington talks

* Italian prime minister's resignation adds to uncertainty

* Dow up 0.3 pct, S&P up 0.2 pct, Nasdaq up 0.4 pct

By Chuck Mikolajczak

NEW YORK, Dec 10 (Reuters) - U.S. stocks rose on Monday, aided by gains in McDonald's and technology stocks, but moves remained muted as investors looked for any signs of movement on the "fiscal cliff" front.

Developments in Europe also served to keep sentiment in check a s Italian Prime Minister Mario Monti said he would resign once the 2013 budget is approved. The move added to uncertainty about progress being made to tackle the euro zone's debt problem and drove Italy's borrowing costs higher.

U.S. President Barack Obama met with Republican House Speaker John Boehner on Sunday to negotiate a deal for avoiding the "fiscal cliff" set to go into effect in the new year.

The two sides declined to provide details about the unannounced meeting. Obama is expected to make remarks at 2 p.m. (1900 GMT) from Michigan where he is touring an auto plant.   Continued...