Cisco and Wal-Mart gloom set to hit stocks
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US stocks were set to fall sharply on Thursday after Cisco's downbeat outlook added to concerns about the outlook for corporate tech spending and Wal-Mart's January sales proved a big disappointment. Jobless claims meanwhile declined less than expected.
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A disappointing holiday sales forecast from Wal-Mart is dragging on blue chips, while Apple Computer is a bright light on Wall Street.
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U.S. stock futures pointed to a  slightly lower open on Tuesday as investors stay cautious after  last week's three-day rally and await results from networking  gear maker Cisco Systems Inc. CSCO.O which will set the  direction for technology stocks.
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US tech stocks opened lower on Wednesday, as results from technology bellwether Cisco Systems Inc. (CSCO.O: Quote, Profile, Research) disappointed Wall Street, while investors await an
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U.S. stocks opened lower on Wednesday after Wal-Mart Stores Inc. , the world's largest retailer, cut its September same-store sales figure and a national employment index came in well below economists' forecasts.
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Investors will get another glimpse into the pace of corporate spending as Cisco Systems Inc. prepares to deliver financial results after the closing bell on Tuesday. -AP
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The Dow industrials and S&P 500 index pared early gains to edge lower on Tuesday after Wal-Mart Stores Inc.  announced cuts in capital expenditures, offsetting optimism about earnings.
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U.S. shares were expected to start slightly weaker on Tuesday on caution ahead of results from networking gear maker Cisco Systems  which will set the direction for technology stocks.
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The blue-chip Dow average declined  slightly, while the Nasdaq and the S&P 500 were little changed  on Tuesday as investors waited for an expected quarter-point  hike in U.S. interest rates and results from technology  bellwether Cisco Systems Inc. CSCO.O.
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U.S. stock index futures pointed to a weaker market open on Wednesday after Wal-Mart Stores Inc. , the world's largest retailer, cut its September same-store sales figure and a national employment index came in well below economists' forecasts.
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Blue chips ended lower on Monday,  under pressure from disappointing Thanksgiving sales from No. 1  retailer Wal-Mart Stores Inc. WMT.N, while tech stocks drew  support from Apple Computer Inc. AAPL.O and drove the Nasdaq  to its highest close in 10 months.
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U.S. shares were seen opening weaker  on Wednesday as oil prices held near $47 a barrel, while a  brokerage downgrade on technology bellwether Cisco Systems Inc.  CSCO.O could hurt technology shares.
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Lower-than-expected sales at Cisco Systems Inc. sent tech stocks tumbling Wednesday while the overall market was little changed after the Federal Reserve announced a widely expected interest rate hike.
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Most U.S. companies have reported earnings and the flow of economic data slows next week, so investors will look to U.S. trade figures and earnings from leading technology stocks Dell and Cisco for fuel to sustain the market's 2-week-old rally.
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Blue-chip stocks fell on Thursday as uncertainty about when the Federal Reserve would cut interest rates hurt financial shares, while a brokerage's downgrade hit shares of Wal-Mart Stores Inc .
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Stocks fell on Wednesday after investment bank Morgan Stanley (MWD.N: Quote, Profile, Research) said quarterly profit fell, casting doubt on corporate profit growth, while a brokerage downgrade on Cisco Systems Inc.
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A heavy gloom hanging over Wall Street may deepen next week unless such bellwether companies as Apple and United Technologies provide investors with hope that the U.S. economy can avert recession.