Stocks head higher after a rough week

NEW YORK (CNNMoney)

The big indexes -- the Dow, the S&P 500 and the Nasdaq -- began the trading day higher, with the Dow starting the day up 40 points. All three indexes are up around 0.25%.

Investors must be hungry to reverse the sell-off, and good news from some fast food chains and telecoms are giving people reason for optimism.

Here's are some things to watch in today's trading:

1) Burger bounce: Jack in the Box and Wendy's both reported their quarterly earnings, and the results are mixed. Jack in the Box (JACK), up 9.5%, surpassed expectations for revenue and earnings. Wendy's (WEN), on the other hand, is about 2% higher after its results showed that sales were good but profits weren't quite what Wall Street wanted. Both companies reported same-store sales growth, a sign that more people are coming into their stores.

Related: Which fast food chains have the unhealthiest combos?

2) Break-up boost: Shareholders are happy that Twenty-First Century Fox (FOXA) has squashed any squishiness about its abandoned its pursuit Time Warner (TWC) (the parent company of CNN and CNNMoney). Fox shares are 7% higher today, which is on top of the gains it registered when it first said it withdrew its $80 billion bid. Time Warner shares are flat.

Related: Fox's Rupert Murdoch says offer withdrawal is "resolute"

3) Overseas markets: Things are calm in Europe, where the European Central Bank left interest rates unchanged and reiterating its commitment to "do whatever it takes" to keep Europe's economy stable (though it came short of announcing new asset purchases). The Euro Stoxx 50 index is flat, as the U.K.'s FTSE 100. The Bank of England also left rates alone.

Asian stocks were broadly lower, though Japan's Nikkei snapped a brief losing stream with a 0.55% gain.

First Published: August 7, 2014: 10:05 AM ET

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