The Closing Bell 🔔

Oil sinks another 2%. Energy stocks drive Dow down 56 points. Nasdaq jumps 0.7%.

🛢 Crude oil prices fell to a 10-month low of $42.53 a barrel as investors worry about the global oil supply glut, (which, good news for summer road trippers: There’s a lot of cheap gas out there). 🍟 McDonald’s shares reached a new high of almost 27% this year as investors rally behind CEO Steve Easterbrook, who has quickly modernized the chain’s fast casual dining experience. 🎥 Disney shares flatline despite box office success. 🚘 Will Travis Kalanick’s resignation help Uber’s IPO prospects?

Other market items:

• How Qatar is shrugging off partial Arab embargo… for now (CNNMoney)
• George Clooney is selling his tequila brand for up to $1 billion (CNNMoney)
• Sheryl Sandberg of Uber? (Bloomberg)
• We hope you’re hungry for food puns, because there are a lot in this story (CNNMoney)