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Stock Market Today

Monday, December 10 2018

Daily Updates

Stock Market Today: December 10, 2018

William G. Ferguson | 12/10/2018

The most recent abbreviated week of trading on Wall Street was a very difficult one for those owning stocks. The week started on a positive note, with the equities rallying on hopes of a breakthrough in talks between the United States and China on trade, but those good tidings didn’t last long as further commentary showed the two nations are still far apart on reaching a compromise. On Tuesday, the market took a turn for the worse, with an inverted yield curve for the three- and five-year Treasury notes, though not as telling as an inverted curve for the two- and 10-year notes, unnerving investors. Historically, an inverted yield curve, where short-term notes are yielding more than long-term debt, has indicated that the economy is slowing and preceded a number of recessions. Then on Friday, weaker-than-expected job growth further scared investors, as it, along with weakening housing data, may be further signs that U.S. economic growth is starting to slow.

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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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