Text size Pau Barrena / AFP via Getty Images Shares of Cisco Systems fell Wednesday after hourly trading after the company posted a weaker-than-expected outlook for the company’s current quarter ending in October. For the fiscal fourth quarter ended July 25, the network giant posted revenue of $ 12.2 billion, …
Read More »Bank of America Corp. stock market falls Wednesday, underperforming the market
Shares of Bank of America Corp. BAC, -0.70% 0.71% to $ 26.73 slipped Wednesday over what proved to be a very positive session for the stock, with the S&P 500 Index SPX, + 1.40% rising 1.40% to 3,380.35 and the Dow Jones Industrial Average DJIA, + 1.04% increasing 1.05% to …
Read More »Cisco shares double 6% on revenue spoon, revenue decline; CFO to retire
Cisco Systems Inc. reported financial results that were largely in line with the Wall Street estimate, but another revenue decline and accompanying soft income battled the stock in trading after hours Wednesday. The company also announced the retirement of longtime Chief Financial Officer Kelly Kramer, once a successor is found. …
Read More »Modern stockrally disappears as analysts weigh on what US government deal means for COVID-19 vaccine prices
The rally in shares in Moderna Inc. jumped through news late Tuesday that the U.S. government ordered 100 million doses of its COVID-19 vaccine candidate on Wednesday as analysts waited for what the order meant for prices. Modern MRNA, + 1.94% is widely regarded as a front-runner in the race …
Read More »Shares run despite inflation news, Stimulus fear
Text size Getty Images U.S. equities stand despite the lack of progress in efforts to negotiate another stimulus package and further data showing strengthening inflation. Shortly after the open, the Dow Jones Industrial Average averaged 263 points, or 1%, up 27,950. The S&P 500 also advanced 1%, while the Nasdaq …
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