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US: Dow opens lower as losses in Cisco cloud upbeat Walmart forecast

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Published Thu, May 18, 2023 · 09:58 PM
    • The S&P 500 opened lower by 1.09 points, or 0.03 per cent, at 4,157.68, while the Nasdaq Composite gained 13.30 points, or 0.11 per cent, to 12,513.87 at the opening bell.
    • The S&P 500 opened lower by 1.09 points, or 0.03 per cent, at 4,157.68, while the Nasdaq Composite gained 13.30 points, or 0.11 per cent, to 12,513.87 at the opening bell. PHOTO: REUTERS

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    THE Dow opened lower on Thursday (May 18) as Cisco shares fell on slowing demand for its products, clouding Walmart’s strong annual forecast and optimism over a likely deal to avoid debt default.

    The Dow Jones Industrial Average fell 46.21 points, or 0.14 per cent, at the open to 33,374.56.

    The S&P 500 opened lower by 1.09 points, or 0.03 per cent, at 4,157.68, while the Nasdaq Composite gained 13.30 points, or 0.11 per cent, to 12,513.87 at the opening bell. REUTERS

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