Fast falls
McDonald’s fell the most of any stock in the Dow after President Obama announced a plan to raise the minimum wage. The shares declined 1.2 percent to $94 at the close. Buffalo Wild Wings, Burger King and Wendy’s also fell. The government also reported that retail sales slowed to 0.1 percent in January.
On fire
Amazon.com shares climbed 4.2 percent after an analyst note fueled optimism about the company’s Kindle e-book business.
Media cuts
Media and financial information group Thomson Reuters said it would cut 2,500 jobs.
Fortuna-te
Steven Fortuna, who pleaded guilty and agreed to assist an insider-trading probe of Galleon Group, was sentenced to two years probation and six months home confinemen, and was ordered to speak to business school students.