Disappointing Earnings from Cisco and Wal-Mart Weigh on Stocks: Market Recap
U.S. stocks fell the most since June on Thursday upon disappointing earnings results from Cisco Systems Inc. (NASDAQ:CSCO) and Wal-Mart (NYSE:WMT). Investors are also weighing concerns that the economy has recovered enough for the Federal Reserve to end stimulus next month. All 10 industries in the S&P 500 declined Thursday.
Gold: +2.22% to $1,363.00 per ounce; Oil: +0.36% to $107.23 per barrel; U.S. 10-Year: +1.59 to 2.755%.