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Wall Street Falters Ahead of Friday Budget Deadline

By  +Follow December 10, 2013 1:27PM
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Stocks ended lower across the board on Tuesday as the lack of market-moving economic data led to increased focus on the possibility of a decision from the Fed next week regarding the inevitable reduction of Treasury spending. All eyes will also be on Congress who, by this coming Friday will bump up against a deadline for concluding negotiations over the nation’s budget.

The Standard & Poor’s 500 index dropped by 0.32 percent to end the day at 1,802.62 points, while the Dow Jones Industrial Average was lower by 0.33 percent to 15,973.13. The NASDAQ’s losses were more modest at 0.20 percent to 4,060.49 points.

Tech shares put significant pressure on the S&P 500, with a number of large companies edging lower on heavy trading. Cisco Systems (CSCO) , Microsoft (MSFT) , Oracle (ORCL) , and AT&T (T) all ended the day in the red. Social media and internet-related stocks, however, were a different story, with Yahoo! (YHOO) nearly 3 percent higher by the closing bell.

Automobile-parts retailer AutoZone (AZO) rose over 3 percent by the closing bell after releasing its earnings statement for its fiscal first quarter that showed the company handily surpassing analyst estimates.

Most of the Dow’s components ended the day on losses, with the worst performances coming from services and consumer goods stocks. Coca-Cola (KO) , Procter & Gamble (PG) , Home Depot (HD) , and Wal-Mart (WMT) accounted for four of the five biggest losers on the benchmark index.

Internet techs also performed well on the NASDAQ, with Facebook (FB) , Zynga (ZNGA) , Groupon (GRPN) ending higher along with Yahoo. With so much hysteria surrounding social media techs, Equities.com’s own Jacob Harper explores the importance of ad revenue to the future of companies hoping to be successful in the industry.

Outerwall Inc. ($OUTR), the company formerly known as CoinStar, added nearly 3 percent on the day after announcing the specifics of a promised restructuring plan that promises to significantly cut costs via layoffs, scaling back of projects, and making changes to its RedBox DVD rental business.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


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Results for csco
Stock Wire
30 Oct 14 07:33:40
Networking Roudnup:Cisco Systems, Inc. (NASDAQ:CSCO), SolarWinds Inc ... $CSCO http://t.co/W2qFqDMsuZ
BlockTradeAlert
30 Oct 14 07:32:45
BLOCK TRADE: $CSCO 500,000 shares @ $23.95 [10:32:44]
BlockTradeAlert
30 Oct 14 07:30:10
BLOCK TRADE: $CSCO 500,000 shares @ $24.02 [10:30:10]
CSCO Stock Alerts
30 Oct 14 07:30:04
Why Integrated Infrastructure, And Not UCS Servers, Will Save Cisco http://t.co/ELHhCgsOXC $NTAP $CSCO
Stockcat
30 Oct 14 07:19:22
@bobcatfyi - Booked $CSCO @ 24.08
Chris Kader
30 Oct 14 07:10:29
Break-out in $CSCO on the way: (on ask) call to put ratio - 9,574 to 2,352, traders playing for continued breakout of pendant (weekly).
CSCO Stock Alerts
30 Oct 14 07:00:06
Why Cisco Shares Are Undervalued By 35% http://t.co/OQRr1Wq7xO $CSCO
jim50
30 Oct 14 06:54:35
$GDXJ Ideas Click Here: http://t.co/f0xCzV5vmT Also See: $VOIS $CSX $CSCO $BMRN ~
leahanne
30 Oct 14 06:32:46
$GDXJ EOD Data Click Here: http://t.co/FEhvIHPWfR Also See: $CLF $FB $CSCO $FNV ~
FinancePress
30 Oct 14 06:32:42
$CSCO Networking Roudnup:Cisco Systems, Inc. (NASDAQ:CSCO), SolarWinds Inc ...: Networking Roudnup:Cisco Syst... http://t.co/PviDJtLZDi
CSCO Stock Alerts
30 Oct 14 06:30:05
Is Cisco A Buy From A Dividend Investing Perspective? http://t.co/kv3v1jIptT $CSCO
Jake13
30 Oct 14 06:29:32
$SBUX Sell? Click here to find out if $SBUX is a buy hold or sell. Watching these stocks. $CSCO $FNMA $TKMR $M http://t.co/y7wmq2Ki2g
Investors Hangout
30 Oct 14 06:17:44
$FREE Ask Size Click Here: http://t.co/kyytdY5JQd Also See: $CSCO $HGD.TO $QCOM $CENX ~
CSCO Stock Alerts
30 Oct 14 06:00:05
Cisco Muscling Into Server Market http://t.co/PblnueCAC7 $CSCO
Chasing Stars
30 Oct 14 05:47:36
$FL Message Board Posts Click Here: http://t.co/MY5hZaVUv5 Also See: $CSCO $MOBL $CMI $F ~
StockCharts.com
30 Oct 14 05:41:47
Arthur Hill: Dollar Extends Breakout, Gold Extends Break Down, Plus $CSCO, $IMAX, $MON, $PEP and $PLCE http://t.co/i5YsVmEMJo
CSCO Stock Alerts
30 Oct 14 05:30:04
Update: Cisco's Partnership With Red Hat To Make Cloud Computing Cheaper http://t.co/mohkQuAK5k $RHT $CSCO
HWB LAW
30 Oct 14 05:27:24
RT @chrispycrunch: Where is $IBM ’s enterprise growth? $MSFT $HPQ $CSCO | http://t.co/Tq8Nk2AICp
Investors Hangout
30 Oct 14 05:22:43
$FITX Chart Click Here: http://t.co/QHMndjSemh Also See: $CSCO $EWZ $UCO $TWTR ~
wininstocks2014
30 Oct 14 05:21:24
CSCO 24.10 Stock Charts $CSCO Cisco Systems Inc. (NASDAQ) Last Updated: 10/30/2014 07:21:32 CSCO Stock Chart - http://t.co/7hr2BrFUJL
Investors Hangout
30 Oct 14 05:15:37
$FITX Ask Click Here: http://t.co/tcpppnnn7v Also See: $SPLK $CSCO $SMN $HGD.TO ~
CSCO Stock Alerts
30 Oct 14 05:00:06
Cisco Short Interest Hits 2014 Low http://t.co/jcopZ7jBGX $CSCO
jim50
30 Oct 14 04:35:22
$FCX News Click Here: http://t.co/ndnqCaEW8Y Also See: $APT $DDD $CSCO $IG ~
Stephen s
30 Oct 14 04:18:56
RT @stockrelay3: $CSCO Filings Click Here: http://t.co/cAm337AaZi Also See: $XLK $MO $MYEC $FNV ~
Antonio Costa
30 Oct 14 03:54:50
$JDSU $ALU earnings will boost the sector today. Some sympathy plays $FNSR $CIEN $JNPR $CSCO
stockblaster14
30 Oct 14 03:53:35
Cisco Systems (CSCO) 24.10 $CSCO Cisco Schedules Conference Call for Q1 Fiscal Year 2015 Financial Results Mar http://t.co/ABIfWLRT04
stockblaster14
30 Oct 14 03:44:56
Cisco Systems (CSCO) 24.10 $CSCO Cisco Schedules Conference Call for Q1 Fiscal Year 2015 Financial Results Mar http://t.co/LHGX8HRbCj
Stock Relay
30 Oct 14 03:23:51
$ELRA Exchange Click Here: http://t.co/hDvlaoeuWS Also See: $CSCO $EBAY $ELRA $HD ~
Emylers
30 Oct 14 03:21:51
$EFA Yield Click Here: http://t.co/ltCfnxkXU2 Also See: $CSCO $DAL $GS $SMN ~
12Stocks.com
30 Oct 14 03:01:05
Weekly Dow #Stocks Trend $GS $AXP $INTC $MSFT $UTX $JNJ $CSCO $JPM $VZ $CVX $PG $MMM $CAT $TRV $UNH $HD $DIS @ http://t.co/TvzJfd0RGT
Stock Relay
30 Oct 14 02:22:47
$DIA Ideas Click Here: http://t.co/eBmA0fUtbc Also See: $BIDU $COST $CSCO $TBT ~
jim50
30 Oct 14 01:41:38
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Stock Relay
30 Oct 14 01:40:53
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Stock Relay
30 Oct 14 01:06:40
wininstocks2014: Stock Charts: CSCO 24.10 Stock Charts $CSCO Cisco Systems Inc. http://t.co/K3Gg9qkytJ
Stock Relay
30 Oct 14 01:06:00
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danrocks
30 Oct 14 01:03:13
$DBC Last Trade Click Here: http://t.co/gDlDwMntxr Also See: $GS $CSCO $OIL $SIMH ~
Rosner Stocks
30 Oct 14 00:57:35
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Chasing Stars
30 Oct 14 00:32:23
$CSCO Quotes Click Here: http://t.co/6odfrCAQ2q Also See: $PBR $WMIH $FXI $OIL ~
Investors Hangout
30 Oct 14 00:21:32
$CSCO Investor Opinions Click Here: http://t.co/BuVVQLbYVu Also See: $ING $AXCG $SRPT $UVXY ~
Stock Relay
30 Oct 14 00:14:55
$CSCO 52Wk Low Click Here: http://t.co/qjcP4vQjt2 Also See: $DIA $SMH $VMW $TSLA ~
Rosner Stocks
30 Oct 14 00:11:57
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Investors Hangout
30 Oct 14 00:11:23
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Emylers
30 Oct 14 00:11:21
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Stock Relay
30 Oct 14 00:08:39
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Chasing Stars
30 Oct 14 00:01:32
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Stock_Tracker
30 Oct 14 00:00:43
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leahanne
30 Oct 14 00:00:05
$CSCO Exchange Click Here: http://t.co/5ItI1d923F Also See: $XOM $DRYS $HD $NM ~
jim50
29 Oct 14 23:57:10
$CSCO Filings Click Here: http://t.co/7glZth3l0h Also See: $UNG $FSLR $SLB $MS ~
DennyT
29 Oct 14 23:55:48
$CSCO Message Board Posts Click Here: http://t.co/nCGAb6U7uU Also See: $CTIX $FL $CLF $ACHN ~
Stock Relay
29 Oct 14 23:55:11
$CSCO Filings Click Here: http://t.co/cAm337AaZi Also See: $XLK $MO $MYEC $FNV ~
				
				
By  +Follow December 10, 2013 1:27PM
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