Cisco shares slump as China lockdowns, Ukraine crisis hit outlook
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- S&P 500, Nasdaq rise in choppy trading as tech steadies, Micron results in focus
- Brent hits lowest since before start of Iran war on expectations of smoother oil flows via Hormuz
- All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- JPMorgan raises S&P 500 target to 7,800, says earnings revision ’unprecedented’
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- KKR launches Helix with over $10 billion to build AI infrastructure
Broadcom (AVGO), Ciena (CIEN) Trade Lower in Sympathy with Cisco Systems (CSCO)
May 18, 2022 4:23 PM EDTBroadcom (NASDAQ: AVGO), Ciena (NYSE: CIEN) Trade Lower in Sympathy with Cisco Systems (NASDAQ: CSCO)
AVGO -3.6%CIEN -9% Cisco -16% following results... More