Stock Market Today

Monday, December 11 2017

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Stock Market Today: December 11, 2017

William G. Ferguson and Robert Harrington | 12/11/2017

The major U.S. indexes shook off early-morning volatility on Monday afternoon. The gains were propelled by strength in the energy and technology sectors, which helped to negate jitters following the terrorist attack near New York’s Times Square. The tech-laden NASDAQ was accordingly the best-performing large-cap composite. With a dearth of updates on the tax reform front, which has been the primary headline-grabbing factor in recent weeks, investors in small-cap equities are apparently collecting some profits.

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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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