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Wall Street Falters Ahead of Friday Budget Deadline

By  +Follow December 10, 2013 1:27PM
Tickers Mentioned:

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. To read our full disclosure, please go to: http://www.equities.com/disclaimer

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Results for csco
Robert Tarver
26 Apr 15 11:40:14
$CSCO Cisco Systems : highlights new malwar... http://t.co/8GqM8FTiJ7
Jeff Sandene, CFP®
26 Apr 15 11:30:42
26 Apr 15 11:14:11
True balls. $AAPL $GOOG $INTC $MTW $CAT $X $C $CSCO $T $SE $WU $MU $WBA http://t.co/8mR4s08jCl http://t.co/qm8WjkQeDH
Investors Hangout
26 Apr 15 10:49:29
$ERY stock Exchange Click Here: http://t.co/W629PygbTV Also See: $XLE $CHK $CSCO $HYG #stockmarket #tradeideas ~
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CSCO +0.51% Stock Charts $CSCO Cisco Systems Inc. (NASDAQ) Last Updated: 04/26/2015 11:13:26 CSCO Stock Chart http://t.co/Y8HsTxIheq
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26 Apr 15 08:56:37
$GOOG stock 52Wk High Click Here: http://t.co/3MqlFbsVyZ Also See: $CSCO $XLE $SSO $QLD #stockmarket #tradeideas ~
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$AKRX stock Ask Size Click Here: http://t.co/lVTEV6y4GK Also See: $XLI $HBM $UUP $CSCO #stockmarket #tradeideas ~
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$VRS $CSCO: Today's Hot List: Verso Corporation (NYSE:VRS), Cisco Systems ...: http://t.co/8VVlRWWzHs
Craig Bujnowski
26 Apr 15 07:37:19
70-85% of mobile traffic is generated indoors $ALU $ERIC $NOK $CSCO http://t.co/lJZ3IPf4Au http://t.co/bMEr45vAat
Stock Market Basics
26 Apr 15 04:53:39
RT @10Xtrading: Top Analyst Upgrades and Downgrades http://t.co/vCB4vrYx4A $AMZN $BBY $ELY $CSCO $MSFT $NKE $TGT $WFT
26 Apr 15 02:07:09
True balls. $AAPL $GOOG $INTC $MTW $CAT $X $C $CSCO $T $SE $WU $MU $WBA http://t.co/8mR4s08jCl http://t.co/bmUp97OYsi
Beverage Consulting
26 Apr 15 00:32:01
RT @DailyStockPlays: Over Ichimoku http://t.co/JBB7E9zWuy $CSCO $ABEV $ITUB $SFUN $VLO $PHM $MAS $NOW $XHB $TSLA $LEN $SMH $AEM $SNV $DPS $…
25 Apr 15 23:21:20
$CSCO Fondé le 10 décembre 1984 https://t.co/BTdqZbYjw2
Zonebourse News
25 Apr 15 22:47:13
#CISCO SYSTEMS, INC. : RSA Conference http://t.co/J0BX9QsqcC $CSCO
10X Trading
25 Apr 15 22:02:31
Top Analyst Upgrades and Downgrades http://t.co/vCB4vrYx4A $AMZN $BBY $ELY $CSCO $MSFT $NKE $TGT $WFT
Jeff Sandene, CFP®
25 Apr 15 21:44:10
Jason Olive
25 Apr 15 21:33:40
RT @SeekingAlpha: This Past Week In Telephone http://t.co/YP9uMMQVQK $CPAH $CSCO $DOX $GOOG $MITL $PLCM $S $T $TMUS $VZ $GOOGL
25 Apr 15 21:31:13
RT @SAlphaTech: This Past Week In Telephone http://t.co/f9WTzNPPve $CPAH $CSCO $DOX $GOOG $MITL $PLCM $S $T $TMUS $VZ $GOOGL
Alysia Sarkisian
25 Apr 15 21:30:35
RT @SeekingAlpha: This Past Week In Telephone http://t.co/YP9uMMQVQK $CPAH $CSCO $DOX $GOOG $MITL $PLCM $S $T $TMUS $VZ $GOOGL
Keegan Benjamin
25 Apr 15 21:29:08
@QP_CSCO $CSCO ...Market Guru Gil Gamzu bought GOOG https://t.co/K07OwwbwHQ
Quantpost $CSCO
25 Apr 15 21:28:57
$CSCO News: "This Past Week In Telephone $CPAH $CSCO $DOX $GOOG $MITL $PLCM $S …" http://t.co/qdb10xCNGQ Analyze: https://t.co/UfaMmYDauj
Quantpost Technology
25 Apr 15 21:28:55
$CSCO $GOOG $S $T $TMUS $VZ $GOOGL News: "This Past Week In Telephone $CPAH …" http://t.co/sE2KtyWiCu Analyze: https://t.co/0iKiYR6UlI
Tech Stocks SA
25 Apr 15 21:28:54
This Past Week In Telephone http://t.co/f9WTzNPPve $CPAH $CSCO $DOX $GOOG $MITL $PLCM $S $T $TMUS $VZ $GOOGL
Quick Stock Ideas
25 Apr 15 21:28:54
This Past Week In Telephone http://t.co/yVcAZjQyRe $CPAH $CSCO $DOX $GOOG $MITL $PLCM $S $T $TMUS $VZ $GOOGL
Seeking Alpha
25 Apr 15 21:28:53
This Past Week In Telephone http://t.co/YP9uMMQVQK $CPAH $CSCO $DOX $GOOG $MITL $PLCM $S $T $TMUS $VZ $GOOGL
25 Apr 15 19:09:09
Yawn. Getting late now! $INTC $MTW $CAT $X $C $CSCO $T $SE $WU $MU $WBA http://t.co/bh923uwZvq http://t.co/SCHRtIWK4Y
25 Apr 15 17:42:49
Why CSCO Is A Great Short Setup for 4-27-2015 http://t.co/mOzGiw8tzJ $CSCO
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True balls. $AAPL $GOOG $INTC $MTW $CAT $X $C $CSCO $T $SE $WU $MU $WBA http://t.co/8mR4s08jCl http://t.co/dyGr8rxRqt
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RT @theflynews: Juniper soars to new 52-week high after preliminary Q1 results beat expectations $JNPR $CSCO: Full Story http://t.co/pcwZg2…
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$VALE Financials Updated Saturday, April 25, 2015 3:59:22 PM $VGK $ACWI $EA $CSCO http://t.co/kvoWWTlgs8
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$AAPL , $CSCO , $BWLD, $CVS, $ESRX on the watch list
25 Apr 15 13:15:49
$CHK stock Bid Size Click Here: http://t.co/sJAxMZSbzw Also See: $JNK $CSCO $EOG $JNK #stockmarket #tradeideas ~
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25 Apr 15 13:00:46
$CSCO vs. $AAPL vs. $ORCL vs. $QCOM Compared Across 9 Critical Measures http://t.co/aM85URzIWd http://t.co/aE9qN3XmcK
Rich Miller
25 Apr 15 12:31:00
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25 Apr 15 11:25:05
$VXX Stock Message Board Updated Saturday, April 25, 2015 2:10:53 PM $XHB $XLI $CSCO $C http://t.co/5wTVa3o989
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25 Apr 15 10:36:36
$IWM Investor Opinions Updated Saturday, April 25, 2015 12:59:20 PM $NFLX $CSCO $KR $GDXJ http://t.co/GH7NUvEJQr
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25 Apr 15 09:54:37
$CSCO stock Last Trade Click Here: http://t.co/lEhnwNdsn0 Also See: $LEU $POOL $HBM $BIDU #stockmarket #tradeideas ~
Ryan Ferguson
25 Apr 15 09:49:03
@Kev_McLaughlin $CSCO Gonna make a run at that high - should see some resistance there but lots of room over it http://t.co/PPMQZ2mYut
Rosner Stocks
25 Apr 15 09:30:41
$ATTU stock Last Price Click Here: http://t.co/60w8TgrW0v Also See: $YUM $PFPT $CSCO $PII #stockmarket #tradeideas ~
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25 Apr 15 09:29:30
$HEES stock Yield Click Here: http://t.co/If9gYPvqiP Also See: $LLTC $CELG $CSCO $WBA #stockmarket #tradeideas ~
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$AKS stock Market Cap Click Here: http://t.co/tErHQA2cav Also See: $BMTC $CSCO $SLG $DGII #stockmarket #tradeideas ~
Franz VonLöwe
25 Apr 15 08:48:05
RT @MarathonWealth: YTD Nasdaq100 $AMZN +43.50% $AAPL +18.03% $GOOG +7.34% $QQQ +7.06% $FB +4.47% $CSCO +3.59% $MSFT +3.06% $INTC -11.59% h…
25 Apr 15 08:36:04
$CSCO Percent Change Updated Saturday, April 25, 2015 11:07:05 AM $BAC $GDXJ $EWH $GE http://t.co/Xt1hh9gNph
Jeff Sandene, CFP®
25 Apr 15 08:32:17
YTD Nasdaq100 $AMZN +43.50% $AAPL +18.03% $GOOG +7.34% $QQQ +7.06% $FB +4.47% $CSCO +3.59% $MSFT +3.06% $INTC -11.59% http://t.co/W3Wq7VBZB6
Ophir Gottlieb
25 Apr 15 08:20:14
$CSCO vs. $AAPL vs. $QCOM Compared Across 9 Critical Measures http://t.co/Cijeaj7ScK http://t.co/JvRC1Rcoj4
Kevin McLaughlin
25 Apr 15 08:15:51
@Ryan_J_Ferguson looking at $CSCO & $TWTR for next week. Seeing some good news.
25 Apr 15 07:47:06
True balls. $AAPL $GOOG $INTC $MTW $CAT $X $C $CSCO $T $SE $WU $MU $WBA http://t.co/8mR4s08jCl http://t.co/uvt4ZvBLFI
25 Apr 15 05:33:13
$CSCO Filings Updated Saturday, April 25, 2015 08:07:04 AM $FCX $BIDU $ABX $BAC http://t.co/TP3Es3YYHX
By  +Follow December 10, 2013 1:27PM



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