US Stocks Edge Lower; Cisco Earnings Top Views

U.S. stocks traded slightly lower this morning, with the Dow Jones index falling by 0.1% on Thursday.

Following the market opening, the Dow traded down 0.09% to 43,917.98 while the NASDAQ fell 0.12% to 19,208.13. The S&P 500 also fell, dropping, 0.15% to 5,976.46.

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Leading and Lagging Sectors

Energy shares rose by 0.1% on Thursday.

In trading on Thursday, real estate shares fell by 0.6%.

Top Headline

Cisco Systems Inc. CSCO reported better-than-expected results for its first quarter and raised its full-year 2025 guidance on Wednesday.

The company reported first-quarter revenue of $13.84 billion, beating the consensus estimate of $13.77 billion. The networking equipment maker reported adjusted earnings of 91 cents per share, beating analyst estimates of 87 cents per share.

Equities Trading UP

AgEagle Aerial Systems, Inc. UAVS shares shot up 159% to $4.2101 after the company announced 17 new purchase orders for its eBee TAC drones from U.S. defense and security customers.
Shares of Elevai Labs Inc. ELAB got a boost, surging 58% to $0.0389 after the company announced second-quarter results.
Gaxos.ai Inc. GXAI shares were also up, gaining 47% to $2.12 after the company’s board approved the purchase of up to $1 million in Bitcoin as a treasury reserve asset.

Equities Trading DOWN

Nuvectis Pharma, Inc. NVCT shares dropped 48% to $5.55 after the company reported data from its Phase 1b study evaluating NXP800..
Shares of Sow Good Inc. SOWG were down 41% to $5.82 after the company reported worse-than-expected quarterly financial results.
Vislink Technologies, Inc. VISL was down, falling 43% to $3.75 after the company reported worse-than-expected third-quarter financial results.

Commodities

In commodity news, oil traded up 0.9% to $69.05 while gold traded down 0.7% at $2,568.70.

Silver traded down 0.9% to $30.400 on Thursday, while copper fell 0.1% to $4.0830.

Euro zone

European shares were higher today. The eurozone's STOXX 600 gained 1.2%, Germany's DAX climbed 1.5% and France's CAC 40 gained 1.4%. Spain's IBEX 35 Index gained 1.2%, while London's FTSE 100 rose 0.6%.

Asia Pacific Markets

Asian markets closed lower on Thursday, with Japan's Nikkei 225 falling 0.48%, Hong Kong's Hang Seng Index falling 1.96%, China's Shanghai Composite Index dipping 1.73% and India's BSE Sensex falling 0.14%.

Economics

U.S. initial jobless claims declined by 4,000 from the previous week to 217,000 in the week ending Nov. 9, compared to market estimates of 223,000.
U.S. producer prices rose 0.2% month-over-month in October compared to a revised 0.1% gain in September and in-line with market expectations.

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