S&P 500 rises to start the week, tries to snap 6-day decline: Live updates

JPMorgan has moved to a neutral rating on Cisco , from a not-rated designation, citing the tech company's muted outlook for the medium term. Analyst Samik Chatterjee said in a note Monday that Cisco's campus networking, a significant part of the company's product revenue, is still facing challenges in relation to the broader recovery. Its network switches and wireless local-area network, or WLAN, enjoyed a surge in demand during the Covid-19 pandemic, he pointed out.

'With a recently refreshed installed base, the Campus market is now in correction; while the pace of incremental headwinds are moderating following a few consecutive quarters of declines, at the same time we expect a sluggish recovery tracking below the long-term growth rate before we return to normal replacement cycles,' Chatterjee wrote. However, Splunk, which Cisco bought for $28 billion last year , is expected to bring incremental growth to Cisco's overall top line, he said.

Source: News Formal (newsformal.com)

Stock Markets Markets United States S&P 500 Fut (Mar'23) NASDAQ 100 Fut (Mar'23) Dow Jones Fut (Mar'23) S&P 500 Index NASDAQ Composite Dow Jones Industrial Average SPDR S&P 500 ETF Trust Powershares QQQ Trust Tesla Inc Meta Platforms Inc American Airlines Group Inc Microsoft Corp Alphabet Inc Apple Inc NVIDIA Corp Arm Holdings PLC Business News

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S&P 500 sets a record after Wall Street breaks out of its lullU.S. stocks rose to a record Wednesday after breaking out of their three-day lull. The S&P 500 climbed 44.91 points, or 0.9%, to 5,248.49.
Source: latimes - 🏆 11. / 82 Read more »

Dow drops 500 points, continuing Wall Street’s rough streak ahead of jobs reportStocks tumbled on Thursday, reversing earlier gains mid-afternoon ahead of the latest jobs report due Friday.
Source: cnnbrk - 🏆 393. / 55 Read more »

Wall Street Dips to Send S&P 500 to 4th Day of LossesSinking technology stocks sent Wall Street lower again, and the S&P 500 fell to its fourth straight loss. The index dipped 0.6% Wednesday for its longest losing streak since early January.
Source: NEWSMAX - 🏆 16. / 71 Read more »

Stock market today: S&P 500 sets a record after Wall Streets breaks out of its lullU.S. stocks broke out of a three-day lull to close at a record. The S&P 500 added 0.9% Wednesday, beating the all-time high it set last week. The Dow Jones Industrial Average climbed 1.2%, and the Nasdaq composite added 0.5%. The Dow and Nasdaq closed just short of their own records.
Source: AP - 🏆 728. / 51 Read more »

Stock futures rise as Wall Street readies for the start of the second quarter: Live updatesStock futures rose slightly as Wall Street prepared for the start of the second quarter.
Source: NBCLA - 🏆 319. / 59 Read more »

Stock futures are little changed after S&P 500 registers a fresh closing record: Live updatesStocks rallied across the board on Wednesday, with the S&P 500 gaining 0.85% to close at a record-high level and approaches its best first quarter since…
Source: NBCLA - 🏆 319. / 59 Read more »