Gold Down 2%; Cisco Shares Tumble After Q4 Results
US stocks mixed, Nasdaq up more than 150 points. Dow down 0.16% to 53,682.87, Nasdaq up 0.61% to 26,749.51, S&P 500 up 0.45% to 7,783.09. Real estate sector up 1.2%, energy down 1%. Cisco shares down 8% on Q4 results and guidance. PPI unchanged in July.
Cisco's earnings results disappointed investors, causing its stock to drop 8%, while the overall market stayed pretty flat with some gains and some losses. When a big company like Cisco stumbles, it's worth watching to see if other tech companies might face similar challenges.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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