Cisco keeps Nasdaq up, oil weighs on blue chips
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U.S. tech stocks rose on Wednesday, boosted by Cisco Systems Inc.'s  strong profits and outlook which reinforced optimism about earnings, while blue chip stocks pared gains as the price of oil fell.
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U.S. blue chips were higher on Tuesday  after a brokerage upgraded Caterpillar Inc. CAT.N and crude  prices fell for a third session, easing investor fears that  costly oil would squeeze company profits and slow growth.
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U.S. stocks moved higher on Friday,  as oil prices edged down and PeopleSoft Inc. PSFT.O and  chip-related stocks boosted the tech-heavy Nasdaq to its  highest level in more than two months.
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NEW YORK - Stocks moved sharply higher Friday as oil prices dipped and a pair of upgrades in the semiconductor sector boosted technology shares.    Investors are closely watching oil prices, which topped $50 per barrel this week, hoping that consumer spending and sentiment, along with third-quarter earnings, would not be adversely affected by rising energy costs...
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U.S. blue chips rose slightly on  Monday as oil prices slipped and alleviated worry about high  energy costs cutting into corporate profits, but a 5 percent  slide in Symantec Corp. SYMC.O weighed on the Nasdaq.
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Cisco Systems (nasdaq: CSCO - news - people ) posted first-quarter results Tuesday, and investors are likely jumping like the firm&#39;s financials: Profit rose 29%, as the network equipper cited strong activity in both its traditional arenas as well as in
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Stock futures pointed to a higher market open on Wednesday as government data showing weaker-than-expected growth in labor costs soothed inflation worries while a strong profit and outlook from Cisco Systems Inc. reassured investors about corporate profit growth.
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U.S. stocks rose on Wednesday, driving the Dow Jones industrial average to a record high, after a strong profit and outlook from Cisco Systems Inc.  boosted optimism about corporate profits.
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Shares on Wall Street are expected to  open higher on Tuesday, as stronger oil prices are likely to  underpin energy stocks and investors bet on strong earnings  from network equipment maker Cisco Systems .
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Cisco (NASDAQ: CSCO) announced today participation in the following upcoming events with the financial community, for the month of June, all of which will be webcast. Interested parties can view these events on Cisco's Web site at http://www.cisco.com/go/investors.
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NEW YORK - Investors shrugged off rising crude futures Wednesday to capture well-priced shares, sending the Nasdaq composite index up 1.6 percent ahead of Google Inc.'s much-anticipated initial public offering of stock.    In afternoon trading, the Dow Jones industrial average gained 67.10, or 0.7 percent, to 10,039.93...
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Stocks appeared set to open higher on Wednesday, particularly on Nasdaq, after Cisco Systems Inc.'s  results and outlook exceeded forecasts and reassured investors on prospects for corporate earnings.
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Cisco Systems Inc. CSCO.O, the  largest maker of communications gear to direct traffic over the  Internet, on Tuesday said quarterly earnings rose, but shares  fell in after market trading amid concerns about weak revenue  and rising inventory.
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US BLUE-chips edged higher yesterday after Ford raised its earnings forecasts, but wireless technology provider Qualcomm held back the Nasdaq after saying an accounting review may reduce its pre-tax income.
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U.S. shares look set to open higher  on Wednesday with technology shares in focus after  better-than-expected results from Cisco  on Tuesday,  while investors also eye U.S. labor cost data.
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NEW YORK - Investors shrugged off rising crude futures Wednesday to capture bargain-priced shares, sending the Nasdaq composite index up 2 percent ahead of Google Inc.'s much-anticipated initial public offering of stock. The Dow Jones industrial average rose more than 110 points...
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U.S. blue chip stocks rose on  Wednesday, helped by drugmaker Merck & Co. Inc. MRK.N, but  technology stocks fell as results from technology bellwether  Cisco Systems Inc. CSCO.O disappointed Wall Street.