Wall St rally takes breather as Cisco, Walmart drop

Source: reuters.com reuters.com

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Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 26, 2023. REUTERS/Brendan McDermid Acquire Licensing Rights Summary Companies Cisco falls on lowering annual forecasts Walmart drops after Q3 results Weekly jobless claims higher than expected Indexes down: Dow 0.17%, S&P 0.05%, Nasdaq 0.22% Nov 16 (Reuters) - Wall Street's main indexes drifted lower on Thursday, weighed down by a drop in shares of Cisco and Walmart following underwhelming forecasts, while optimism around peaking interest rates faded. Shares of Cisco Systems (CSCO.O) shed 11.5% as the communications and networking firm cut its...