The Dow Jones Industrial Average on Tuesday notched a fresh all-time high, despite a drag produced by McDonald’s Corp. The fast-food behemoth cut more than 35 points from the price-weighted Dow , with its stock down $5.20, or 3.2%–marking its worst performance among the benchmark’s 30 components. A decline at this level would represent the worst one-day tumble for the company since July 26, 2016, according to FactSet data. A $1 move in any one of the Dow components equates to a 6.89-point swing in the equity average. Despite the headwind, the Dow finished at a record , with shares of Goldman Sachs Group Inc. helped to offset McDonald’s share drop . Goldman’s shares closed up $4.89, or 2.2%. The reason for shares of McD’s retreat were being attributed to a bearish note from research firm M Science. All three benchmarks, including the S&P 500 index and the Nasdaq Composite Index finished at records, with the Dow ending up more than 60 points, or 0.3%, 21,118.86.
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