Wall Street mixed as Cisco sinks and Nvidia recovers – Reuters
- Date: 20-May-2022
- Source: Reuters
- Sector:Financial Markets
- Country:Middle East
Wall Street mixed as Cisco sinks and Nvidia recovers – Reuters
May 19 (Reuters) - The S&P 500 and the Dow fell for the second straight day on Thursday as Cisco Systems slumped following a dismal outlook, while a rebound in megacap growth stocks boosted the battered Nasdaq.
Shares of the networking gear maker (CSCO.O) slumped 14.4% as it lowered 2022 revenue growth outlook, taking a hit from Russia exit as well as component shortage due to China lockdowns. read more
Six of the 11 major S&P sectors advanced, with consumer discretionary sector (.SPLRCD) up 1.1%.
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