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Stock Market Today

Monday, December 17 2018

Daily Updates

Stock Market Today: December 17, 2018

Harvey S. Katz, CFA | 12/17/2018

Following an up-and-down, in-and-out, and altogether unsettling first four days of this final full-week of 2018, the stock market began Friday's session notably to the downside. As the final bell sounded, the major market averages settled in near the day's lows on those off-shore economic worries. Now a new week begins, and one that will be dominated by news from the Federal Reserve, as the central bank will be meeting this week to decide on interest-rate policy. As to the day ahead, shares were higher in Asia overnight, while in Europe, the major bourses are trading lower at this hour. In other markets, oil prices are up, but Treasury note yields are slightly lower. Finally, ahead of trading here, our equity futures are poised for a lower opening.

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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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