US STOCKS-Wall St gets small lift from technology and McDonald's

Mon Dec 10, 2012 4:30pm EST
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* McDonald's shares rise on November sales

* Italian prime minister's resignation adds to uncertainty in Europe

* Investors look for progress in Washington "fiscal cliff" talks

* Dow up 0.1 pct, S&P up 0.03 pct, Nasdaq up 0.3 pct

By Caroline Valetkevitch

NEW YORK, Dec 10 (Reuters) - U.S. stocks edged higher on Monday as technology shares bounced back after recent weakness and McDonald's posted strong monthly sales.

Technology stocks were led by Hewlett-Packard Co, which climbed 2.6 percent to $14.16 on rumors that activist investor Carl Icahn is building a stake in the PC maker. The stock is down 44.5 percent for the year and ranks as the Dow's worst performer. The S&P technology index was up 0.3 percent.

Tech also was supported by Cisco Systems, which gained 2.4 percent to $19.79 after the company presented its midterm growth strategy on Friday.

McDonald's Corp gave the Dow a jolt, gaining 1.1 percent to $89.41, as its November sales were stronger than expected and showed a bounce back from a decline in October.   Continued...