Wednesday, May 9, 2007

Cisco disappoints

Cisco drags stocks lower as Fed on tap (Reuters)

Traders work on the main floor of the New York Stock Exchange in New York April 27, 2007. (Brendan McDermid/Reuters)Reuters - Stocks declined on Wednesday, with investors disappointed by tech bellwether Cisco Systems Inc.'s earnings outlook and reluctant to buy before a Federal Reserve interest-rate decision.


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