Cisco Disappoints; Dow Off 102

Investors await stress tests results
By Nick McMaster,  Newser Staff
Posted May 7, 2009 3:27 PM CDT
Cisco Disappoints; Dow Off 102
Traders work on the floor of the New York Stock Exchange in this undated file photo.   (Getty Images)

(Newser) – A poor earnings report and forecast from Cisco led stocks down today, the Wall Street Journal writes. The networking giant, considered an indicator of the tech sector’s general health, noted a 17% drop in revenue, and projected bigger losses for next quarter. The Dow closed down 102.43 at 8,409.85. The Nasdaq lost 42.86 to close at 1,716.24, and the S&P 500 dropped 12.14, settling at 907.39. (Read more Dow Jones stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X