Stocks Open Lower as Investors Walk Away From McDonald's

Stocks started the fresh trading week lower on weak economic data overseas from Asia and Europe and the continuing decline in oil prices. Energy stocks like Exxon (XOM) and Chevron (CVX) are dropping along with the falling commodity price. Oil prices are hitting new five-year lows on oversupply predictions. Morgan Stanley (MS) cut its outlook saying oil could fall as low as $43 a barrel next year. Low gas prices could mean a boost in holiday spending with more money in consumer pockets. We'll get the latest reading Thursday when the Commerce Department reports November retail sales. Shares of McDonald's (MCD) are sharply lower after the fast-food giant reported weaker-than-expected November comp sales. Global sales dropped the most in the U.S., down 4.6%. Europe was down 2% and the Asia/Pacific, Middle East and Africa region declined by 4%.