News Summary

Treasury prices and the US dollar remained higher after first-time unemployment claims in the US dropped to 434,000 in the latest week. Retail sales increased 0.5% and wholesale prices surged 0.8% last month. The dollar index (DXY) gained to 75.509, up from 75.259 late Wednesday. Against the dollar, the euro dropped to $1.4172, from $1.4211 in North American trading Wednesday. Yields on 10-year notes declined 6 basis points to 3.17%. Shares of Cisco Systems Inc CSCO dropped about 5.5% after the company reported an 18% decline in its FQ3 profit and issued weaker-than-expected projections for the current quarter. The company reported its quarterly profit at $1.8 billion, or $0.33 per share, down from $2.2 billion, or $0.37 per share, in the year-ago period. The company's revenue increased to $10.9 billion, from $10.4 billion. The company's adjusted income came in at $0.42 per share. However, analysts were expecting earnings of $0.37 per share on revenue of $10.87 billion. Shares of Kohl's Corp KSS gained about 1.5% after the company reported its Q1 earnings at $211 million, or $0.73 per share, versus $199 million, or $0.64 per share, in the year-earlier period. Its sales surged to $4.16 billion from $4.04 billion. However, analysts were expecting earnings of $0.73 per share on sales of $4.16 billion. For the year, Kohl's lifted its earnings forecast to a range of $4.25 to $4.40 per share, from its earlier forecast of $4.05 to $4.25 per share. Read more from Benzinga's Markets.