Thursday, November 11, 2010

Wall Street tumbles at open on Cisco outlook

Wall Street tumbles at open on Cisco outlook
Nov-11-2010. NEW YORK - U.S. stocks slid on Thursday after a gloomy outlook from Cisco Systems Inc underscored the risks that a still-weak economy posed to corporate profits and sparked a technology-led selloff in an overbought market.The Dow Jones industrial average .DJI dropped 93.05 points, or 0.82 percent, to 11,263.99. The Standard & Poor's 500 Index .SPX lost 9.43 points, or 0.77 percent, to 1,209.28. The Nasdaq Composite Index .IXIC fell 34.39 points, or 1.33 percent, to 2,544.39.Stocks plunge on Cisco selloff Cisco shares plummet, sink broader market
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