Cisco could put a glow into tech stocks Thursday, but traders say the stock market could again be choppy.
Cisco Systems reported a profit that declined from last year's levels but handily beat Wall Street estimates, pushing the company's stock higher in late trading.
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In extended trade shares of Cisco popped as much as 4% after the company beat Street estimates. But is it enough to spark a rally?
Stocks ended mixed Wednesday as a post-Fed rally fizzled. Stocks had opened higher as investors cheered some encouraging readings on the economy, then swung in about a 50 point range after the Fed's statement, before finishing narrowly mixed.
Here's the news tech investors were craving: big time beats from Cisco Systems on the top and bottom lines, gross margins, and some very optimistic commentary from CEO John Chambers.
Stocks rallied Wednesday after the Fed's statement. The market had been higher before the statement as investors cheered some encouraging readings on the economy, then swung a little right after the statement before barreling higher.
Stocks jumped on Wednesday on positive economic data. Now, investors are waiting to hear from the Fed at 2:15pm. Will they confirm or deny the rally?
Stocks jumped Wednesday as investors shrugged off a weaker-than-expected reading on the services sector and cheered an improvement on the jobs front.
Traders have been talking about the upcoming Fed statement for days now, because even a subtle tilt in the Fed's posture on interest rates could unhinge the popular "risk on" trade, where investors bet against the U.S. dollar and throw money into risky assets such as stocks and commodities.
The job market and the Fed are likely to be at the center of Wall Street's focus Wednesday, following a volatile session which saw the major averages end not too far from where they started.
Technology stocks weighed down the market after Morgan Stanley downgraded the sector to "cautious" from "attractive." What's the tech trade, now?
Companies including TD Ameritrade, Coach and Turkey's Turkcell could be on Warren Buffett's radar, according to a quantitative screen by Standard & Poor's.
Seesaw moves in the stock market have not discouraged some strategists who believe the market remains in an uptrend, despite near-term choppiness.
Cisco Systems Inc.'s quarterly results this week are expected to reflect some recovery in tech spending, but it may be hard to get investors to commit more money to a stock that is already up 40 percent this year.
Brace for more volatility in the week ahead as investors wrestle with dual concerns that stocks have gotten too pricey and that the economic recovery is just too uncertain.
The S&P 500 and NASDAQ Composite broke 7 months of consecutive gains to finish October in the red. Here is a look at this month's market statistics.
Markets rose on Thursday after data showed the economy grew more than expected last quarter and jobless claims fell. How should investors be positioning their portfolios now? Dan Genter, president, CEO and CIO of RNC Genter Capital Management, and Dean Barber, founder and president of Barber Financial Group, shared their market insights.
On a mostly negative week for the markets, where tech outperformed and the NASDAQ 100 was the only major index positive for the week, the Dow finishes in the red to close below the 10,000-mark on Friday.
With Microsoft's earnings report this morning, two thirds of the Dow 30 have now reported. Here is a summary of how things stand in terms of EPS and revenues.