Stock Market Today

Monday, December 11 2017

Daily Updates

Stock Market Today: December 11, 2017

William G. Ferguson | 12/11/2017

The major U.S. equity indexes, fresh off an interesting five-day stretch for stocks last week, started the day off in sluggish fashion. Trading at the onset was slightly weak after news surfaced of a terrorist attack at the Port Authority in New York City, a major transportation hub. However, the market quickly regrouped and the bulls extended Friday’s gains within the first 30 minutes, only to then see the bears jump back into the market about 90 minutes into the session in what is shaping up to be a mixed day of trading on Wall Street.

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Markets Commentaries

The Beige Book Suggests More Of The Same in November 2017

Harvey S. Katz, CFA | 11/29/2017

The Federal Reserve, in its Beige Book economic summation, released at 2:00 PM EST suggested that economic activity was continuing to increase at a modest-to-moderate pace across the country, although there had been slight improvement in the outlook in recent weeks. The Beige Book is a Federal Reserve System publication of current economic conditions across the 12 Federal Reserve Districts.

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Stocks Highlights

Dow 30 Earnings: Cisco Systems First Quarter Fiscal 2018

Kevin Downing | 11/16/2017

Networking equipment and software vendor Cisco Systems (CSCO) has reported in-line results for the October-quarter. Revenue of $12.1 billion fell 2% year over year, matching our estimate. Overall, product sales decreased 3%, while service revenue rose 1%. Earnings per share of $0.61 were flat compared to last year and beat our call by a penny.

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