Markets Right Now: Tech stocks pull US market indexes lower

Canadian Press DataFile |

NEW YORK — The latest on developments in financial markets (all times local):

Stocks are slightly lower in morning trading as losses for Cisco Systems weigh on technology companies.

Cisco, which sells routers, switches and software, lost 3.9 per cent Thursday morning after releasing its latest quarterly results.

Walmart edged up 0.5 per cent after its first-quarter profit and revenue surpassed analyst estimates.

Wells Fargo fell 1.2 per cent after the Wall Street Journal reported that some employees in its business banking division improperly altered information on documents related to corporate customers.

The S&P 500 index lost 3 points, or 0.1 per cent, to 2,718.

The Dow Jones industrial average shed 47 points, or 0.2 per cent, to 24,721. The Nasdaq composite dipped 10 points, or 0.1 per cent, to 7,388.

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

Comments

Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
XOM

     

Level Headed at World Crypto Con - Steve Beauregard

Bloq.com CRO Steve Beauregard joins Jack Brewer at World Crypto Con.

Emerging Growth

Goldrea Resources Corp.

Goldrea Resources Corp is engaged in the acquisition, exploration and development of mineral properties located in North America.