US stocks mixed, Nasdaq up more than 150 points. Dow down 0.16% to 53,682.87, Nasdaq up 0.61% to 26,749.51, S&P 500 up 0.45% to 7,783.09. Real estate sector up 1.2%, energy down 1%. Cisco shares down 8% on Q4 results and guidance. PPI unchanged in July.
Cisco beat Q4 estimates with $17.25B revenue and raised FY2027 guidance to $72.2-73.4B, but shares fell 8% signaling market doubts on profitability trajectory. The decline reflects enterprise capex concerns—critical for IT leaders budgeting networking infrastructure next year.
U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining more than 150 points on Thursday.
The Dow traded down 0.16% to 53,682.87 while the NASDAQ rose 0.61% to 26,749.51.
The S&P 500 also rose, gaining, 0.45% to 7,783.09.
Leading and Lagging Sectors Real estate shares jumped by 1.2% on Thursday.
In trading on Thursday, energy stocks fell by 1%.
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