Cisco Drags Down US Stocks

Posted by Steven Russolillo on November 11, 2010
Dow Jones Industrials, Markets, Technology

The Dow dropped more than 100 within the first few minutes of trading and has basically lingered around that area all day long. Cisco’s the main driver after the tech bellwether offered a disappointing revenue outlook, citing lower spending from government agencies and weaker orders from U.S. cable operators. Whether this is selloff is a one-time thing or the start of a new trend remains to be seen. Kathleen Madigan, Joe Bel Bruno and I break it all down, and more, on The Markets Hub.

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