Closing Bell: McDonald's Under French Tax Probe; U.S. Stocks Mixed

U.S. stocks stayed range-bound as investors sat on the sidelines, awaiting any new clues on a rate-hike timeline from the Federal Reserve.
Author:
Publish date:

U.S. stocks stayed range-bound as investors sat on the sidelines, awaiting any new clues on a rate-hike timeline from the Federal Reserve. Crude oil closed under $50 after topping that level earlier in the session. LionsGate (LGF) rose thanks to a 22 percent increase to its topline over the fourth quarter. TV revenue reached a new quarterly record. Profit declined, however, as box-office bomb 'Gods of Egypt' fell short of expectations. McDonald's (MCD) - Get Report is the latest U.S. company to come under scrutiny from France's government. Officials raided McDonald's France headquarters as part of an investigation into potential tax fraud. Police raided Google's (GOOGL) - Get Report French HQ earlier this week. TheStreet's Keris Lahiff reports from Wall Street.