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Stock futures pare gains to trade flat after McDonald's earnings

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July 22, 2013 AT 10:26 AM
Stock index futures pared gains to trade flat, pressured by a decline in McDonald's shares after its results and as investors booked profits after the S&P 500 index hit yet another closing high on Friday. McDonald's Corp earnings came in a busy week of reports, with about one-third of S&P 500 companies due to report, including Apple and entertainment provider Netflix Inc . McDonald's Corp reported a 4 percent rise in quarterly profit, while global sales at established restaurants were in line with analysts' expectations. Shares fell 2 percent to $97.