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.

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