Today pushed the Dow Jones Industrial average into positive territory for the year, up by a fraction but still on the plus side. But words of warning after the close from one of those dow stocks could temper the tone of trading tomorrow. Cisco systems is the closely watched tech bellwether company and on its earnings conference call, the ceo issued disappointing Earnings Guidance and announced plans to cut 6,000 jobs. As for its quarterly results, the computer networking equipment maker posted earnings of 55 cents a share, two cents more than estimates and revenues came in better than expected even though they were basically flat from a year ago as the Company Faces tough demand for its new line of highend switches and routers. Cisco shares initially rose but then reversed course on those comments from the conference call. Cisco along with several other u. S. Tech giants has always looked at china for feature growth but now doing business with beijing is becoming more difficult and one
S p giving up. 37 . Nasdaq declining. 25 . And we seem to fold in angst to run from stocks as if theyre toxic instruments doomed to ruin our Bank Accounts the house of pain. So perhaps its a good moment to ask do we fret too much . Do we let our fears take hold when the market reverses . Do we let a small drift, you know, one of these ones like today, define us after the s p been up eight days straight. Or as stocks decline, do we recognize we sometimes get too worried when event was or earnings or trends go against us . Just think of what has really happened in the last two months alone. How much do we fret . We fretted endlessly that one day, one day we would, indeed, have a dramatic rise in Interest Rates. Show what happened . We got one. A huge percentage increase, a whopper of one. What does the market do . Well, how about giving the s p 500 the longest winning streak in nine years, how about the nasdaq going up, best since 1990. We were supposed to be frightened out of our shorts
Dow dropping 32 points. S p giving up. 37 . Nasdaq declining. 25 . And we seem to fold in angst to run from stocks as if theyre toxic instruments doomed to ruin our Bank Accounts the house of pain. So perhaps its a good moment to ask do we fret too much . Do we let our fears take hold when the market reverses . Do we let a small drift, you know, one of these ones like today, define us after the s p been up eight days straight. Or as stocks decline, do we recognize we sometimes get too worried when events or earnings or trends go against us . Just think of what has really happened in the last two months alone. How much do we fret . We fretted endlessly that one day, one day we would, indeed, have a dramatic rise in Interest Rates. So what happened . We got one. A huge percentage increase, a whopper of one. What does the market do . Well, how about giving the s p 500 the longest winning streak in nine years, how about the nasdaq 100 going up 14 straight days, best since 1990. We were sup
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The US International Trade Commission voted to investigate solar imports from Cambodia, Malaysia, Thailand, and Vietnam, potentially leading to new tariffs.