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Stock Market Today

Monday, May 20 2019

Daily Updates

Stock Market Today: May 20, 2019

William G. Ferguson and Adam Rosner | 05/20/2019

Equities opened sharply lower this morning, recovered some ground in the early afternoon, but weakened again in the final hours of the day. Once again, traders worried about deteriorating trade relations between the United States and China. More recently, the U.S. government ordered a ban on technology sales to Huawei, a leading corporation based in China. The move did not sit well with Wall Street, and likely ignited fears of a larger global slowdown. At the close of trading, the Dow Jones Industrial Average was down about 84 points; the broader S&P 500 Index was off 19 points; and the NASDAQ was lower by 114 points.

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Stocks Highlights

Dow 30 Earnings: Walmart Inc. Fiscal First Quarter 2019

Kevin Downing | 05/16/2019

Walmart (WMT) shares trade higher on the release of the retail giant’s fiscal first-quarter financial results.

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Stocks Highlights

Dow 30 Earnings: Cisco Systems. Fiscal Third Quarter 2019

Kevin Downing | 05/16/2019

Networking software and equipment designer Cisco Systems, Inc. (CSCO) reported solid results for the fiscal third quarter ended April 27, 2019. Total revenue increased 6% year over year to $13.0 billion, matching our estimate. Adjusted earnings per share of $0.78 beat our call by $0.02 and increased 18% over the previous year.

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