Shares of Cisco fell 13.7% on Thursday after the company reported mixed earnings results and projected an unexpected sales decline in the current quarter. Cisco said Wednesday it expects fourth-quarter revenue to decline by 1% to 5.5% year-over-year, while analysts had been looking for revenue growth of roughly 6%. Cisco […]
Falls
The Nasdaq Composite fell on Tuesday as fears from Snap’s bleak warning spread to other tech names, while the Dow Jones Industrial Average rallied into the close from its lows of the day. The tech-heavy Nasdaq dropped about 2.4% to 11,264.45. The S&P 500 moved 0.8% lower to 3,941.48. Meanwhile, […]
The S&P 500 fell Thursday as the benchmark inched closer to a bear market. Investors continued to dump equities on fears Federal Reserve rate hikes to fight rapid inflation would tip the economy into a recession. The broad market index fell 0.58% to 3,900.79, after falling 4% on Wednesday. The […]
U.S. stocks swung between gains and losses on Tuesday as uncertainty over inflation, interest rates and the economy continued to weigh on the market. All three major indexes opened higher, with the technology-heavy Nasdaq Composite up 2.8% at one point. By late morning, stocks had mostly erased those gains and […]
The Dow Jones Industrial Average declined for a sixth consecutive session Thursday, extending a streak of volatility in a market driven by worries that the Federal Reserve will hamper growth in its effort to bring inflation under control. The blue-chip index fell 103.81 points, or 0.3%, to 31730.30. The S&P […]
Stocks plunged on Friday, with the Dow Jones Industrial Average suffering its worst one-day loss since the throes of the pandemic, as the latest raft of corporate earnings and the prospect of rising rates spurred a wave of selling. The Dow fell 981.36 points, or 2.8%, to 33,811.40. The S&P […]