Stocks ended near session lows Thursday pressured by a handful of weak economic data and as some Fed officials stated their openness to tapering the central bank's bond-buying program in the coming months.» Read More
Stocks ended near session lows Thursday pressured by a handful of weak economic data and as some Fed officials stated their openness to tapering the central bank's bond-buying program in the coming months.
*Cisco shares rise 9 pct in early trading. Aug 16- Shares of Cisco Systems Inc jumped 9 percent on Thursday as a dividend hike and share buyback plan overshadowed comments that business conditions in Europe would not improve anytime soon for the network equipment maker.
The markets continue a slow melt-up, but it suggests we are getting into overbought territory. One simple indicator would be the S&P 500 Index.
U.S. stock index futures were flat Thursday as investors digested a handful of weaker-than-expected economic data against upbeat earnings report from Cisco.
NEW YORK, May 15- Network equipment maker Cisco Systems Inc posted a higher than expected quarterly profit and said current quarter revenue could increase, giving some relief to investors who had worried it was being hurt by weak technology spending.
Cisco shares jumped after the firm beat on earnings, citing signs of improvement. "I am a little surprised," one trader said, as it was a tough quarter for other networking firms.
*Adtran Inc: Cowen starts with underperform- Theflyonthewall.com. *Juniper Networks: Cowen starts with neutral- Theflyonthewall.com. *Infoblox: Cowen starts with outperform- Theflyonthewall.com.
With three out of five major U.S. companies missing revenue forecasts, a lot of fingers are pointed at European weakness.
The problems surrounding innovation and cybersecurity, with Kevin Johnson, Juniper Networks CEO.
Earnings: Still choppy, but mostly good news for tech and building materials.
Some of the names on the move ahead of the open.
Following upbeat earnings, stocks rally for third straight day. Best 3-day winning streak for S&P 500 since late November, best 3-day winning streak for Nasdaq since early August.
Check out which companies are making headlines after the bell Tuesday:
The earnings train is about to leave the station, with reports due Tuesday from three Dow components, some transportation names and Apple.
It's make-or-break time for the first-quarter earnings season, and it comes just as the stock market is showing signs of strain.
April 18- Microsoft Corp Chief Financial Officer Peter Klein will leave at the end of the current fiscal year, the company said on Thursday, adding to a lengthy list of top executives who have left the company in recent years. The software guru tapped by Bill Gates to take over his role as Microsoft's big-picture thinker left to start his own project in 2010..
*Tech shares among the day's leaders, JDS Uniphase rallies. NEW YORK, April 10- U.S. stocks climbed 1 percent on Wednesday, with both the Dow and S&P 500 ending at historic highs as cyclical shares led the way higher for a second straight day.
Stocks soared broadly across the board to finish near session highs Wednesday, propelling the Dow and S&P 500 to new record levels, boosted by strong gains in techs.
*Tech shares among the day's leaders, JDS Uniphase rallies. *FOMC minutes released, ahead of schedule, at 9 a.m. EDT. NEW YORK, April 10- The S&P 500 rose to a historic high on Wednesday as U.S. stocks advanced 1 percent in a broad rally, with technology shares among the strongest of the day.
April 8- Cisco Systems, IBM and Citrix have joined forces with other tech companies in a consortium to kickstart the corporate market for software-defined networking, aimed at making network management easier and cheaper.