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Stock Market Today

Tuesday, December 18 2018

Daily Updates

Stock Market Today: December 18, 2018

Harvey S. Katz, CFA | 12/18/2018

Following a very difficult week for stocks during the most recent five-day span, which had culminated in a complete meltdown on Friday, when the Dow Jones Industrial Average lost almost 500 points, equities began the new week on the downside once more. Worries about the state of the global economy, concerns about our own business expansion, and some uneasiness ahead of this week's Federal Reserve Board FOMC meeting all combined to deal another blow to the recently embattled bulls.

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Stocks Highlights

Dow 30 Earnings: Walmart Inc. Fiscal Third Quarter 2018

Kevin Downing | 11/15/2018

Shares of Walmart (WMT) slip some following the release of the retail giant’s fiscal third-quarter financial results.

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Stocks Highlights

Dow 30 Earnings: Cisco Systems First Quarter Fiscal 2019

Kevin Downing | 11/15/2018

Shares of Cisco Systems (CSCO) are up modestly in trading today after the networking equipment and software provider reported better-than-expected results for the October period. Revenue of $13.1 billion grew 8% year over year, greater than our 4% estimate. Total product sales (75% of the top line) were up 9%, Service revenue grew 3%, and product orders advanced 8%. Adjusted earnings per share came in at $0.75, $0.03 more than our forecast and 23% above the prior year's tally.

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