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 […]
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Text size Stock and bond trading will resume on Wall Street on Tuesday after Memorial Day. Ed Jones/AFP via Getty Images Global stocks and U.S. futures rose on Monday amid a quiet day for markets due to the Memorial Day Holiday. Investor sentiment was buoyed by fresh stimulus in China […]
The stock market rallied late Thursday to blot out most of its losses. Investors continued to fret about the impact of inflation and the Federal Reserve’s tighter monetary policy on the economy. The Dow Jones Industrial Average retreated 104 points, or 0.3%, while the S&P 500 declined 0.1%, and the […]
The latest reminder that a recession could be on the way, this time from the social-media company Snap , sent stocks broadly lower on Tuesday. The Dow outperformed the Nasdaq by 2.5 percentage points. Before Tuesday, there were only 25 trading days when the Dow outperformed the Nasdaq by at […]
Text size The floor of the New York Stock Exchange (Photo by Spencer Platt/Getty Images) The stock market ended the week down after a nasty Friday. The U.S. economy added more jobs than expected in May, suggesting that the Federal Reserve may have to remain aggressive with its rate hikes. […]
Text size Stocks have sold off in recent weeks amid investor worries over inflation and growth. Ed Jones/AFP via Getty Images The stock market was mostly lower Monday, as investors digested a rally to close out last week. Markets are awaiting economic data out Tuesday. The Dow Jones Industrial Average […]