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.
Joe Bel Bruno
Dow Jones Industrials, Markets, Technology / Comments Off
Dow Jones Industrials, Economy, Gold, Markets / Comments Off
Stocks barely budged for much of the session, but suffered a final-hour selloff and close lower for a second-straight day. The declines come despite some positive economic data and corporate deal making. Gold also broke to another all-time high, while crude oil hit a two-year high. Dow Jones’ Anna Raff, Joe Bel Bruno and I break it down on The Markets Hub.