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Stock Market Today

Friday, May 25 2018

Daily Updates

Stock Market Today: May 24, 2018

Harvey S. Katz, CFA and Adam Rosner | 05/24/2018

The stock market lost considerable ground this morning, but managed to pare its losses in the afternoon. Some of the weakness earlier in the day had to do with the Presidential Administration’s decision to cancel its planned June summit with North Korea. At the close of trading, the major averages were still in negative territory. The Dow Jones Industrial Average was down 75 points; the broader S&P 500 Index was off nearly six points, and the technology-heavy NASDAQ was lower by one point.

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Stocks Highlights

Dow 30 Earnings: Walmart Inc. Fiscal First Quarter 2018

Kevin Downing | 05/17/2018

Shares of Wal-Mart (WMT) slip on the release of the retail giant’s fiscal first-quarter financial results.

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Stocks Highlights

Dow 30 Earnings: Cisco Systems Third Quarter Fiscal 2018

Kevin Downing | 05/17/2018

Networking equipment and software maker Cisco Systems (CSCO) has reported in-line results for the April quarter. Total revenue of $12.5 billion was slightly higher than our $12.4 billion estimate, and grew 4% year over year. Product sales rose 5%, while service revenue only advanced 3%. The latter was somewhat worse than investors had been looking for, and the shares declined marginally as a result.

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