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Cisco Systems

Cisco Systems

$CSCO
NASDAQTechnology

110 stories mentioning Cisco SystemsUpdated 2d ago

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Japan

Update: US Equity Indexes Mixed as Soft Wholesale Inflation Helps Lift Bets for Fed Policy Pause

(Updates with index/price moves, macroeconomic data and company/geopolitical news from the first paragraph.)US equity indexes traded mixed after a soft producer price inflation print boosted the odds of a monetary policy pause for the sixth consecutive time, while crude oil prices declined.The Nasdaq Composite rose 0.6% to 26,736.2, and the S&P 500 climbed 0.4% to 7,781.4 after midday Thursday. The Dow Jones Industrial Average fell 0.1% to 53,697.7 as a sharp sell-off in Cisco (CSCO) weighed on the equal-weighted index.Real estate and technology topped gainers, while industrials and materials led decliners.Cisco slumped 8.3%, one of the worst performers in the Dow, the S&P 500 and the Nasdaq. The tech giant reported flat fiscal Q4 services revenue at $3.79 billion, missing the FactSet-polled consensus of $3.81 billion. On a non-GAAP basis, product gross margin fell to 64.8% from 67.5% a year ago, weighing on total gross margin.The Producer Price Index held steady in July, following a 0.1% decrease in June, versus the 0.2% gain expected in a Bloomberg-compiled survey, amid sliding energy and food prices. Excluding food and energy, core PPI climbed 0.2%, below the 0.3% gain anticipated and a 0.4% increase in June.The probability of the Federal Reserve extending its policy pause to September jumped to 66% on Thursday, from 59% a day ago and 45% a week earlier, according to the CME FedWatch tool.US Treasury yields fell, with the 10-year yield down 4.9 basis points to 4.64% and the two-year lower by 5.4 basis points to 4.15%.The front-month US West Texas Intermediate crude oil contract dropped 1.4% to $82.15 per barrel, and global benchmark North Sea Brent declined 1.2% to $87.95 per barrel.The Strait of Hormuz is "under Iran's control and management," the recently appointed head of Iran's Basij paramilitary unit said Thursday, a day after US President Donald Trump said the US had "total control" of the waterway, Reuters reported.

Dow JonesNasdaq CompositeS&P 500$CSCO
Wire

Top Midday Stories: Accelerant to be Taken Private by Thoma Bravo in $4 Billion Deal; Cisco Shares Fall Despite Strong Earnings, Guidance

The S&P 500 and Nasdaq Composite were up in late-morning trading Thursday, while the Dow Jones Industrial Average was down slightly, as investors parsed the latest inflation data.The US Producer Price Index held steady in July after falling by 0.1% in June, the Bureau of Labor Statistics said Thursday. Analysts expected a 0.2% gain, according to a survey compiled by Bloomberg as of 7:30 a.m. ET. Core PPI, which excludes food and energy prices, rose by 0.2% in July, below the 0.3% gain expected and slower than the 0.4% gain in June.In company news, Accelerant (ARX) has agreed to be acquired and taken private by Thoma Bravo in an all-cash deal with an enterprise value of over $4 billion, the companies said Thursday. Under the deal's terms, Accelerant shareholders will receive $20.25 per share in cash. Shareholders will also receive a ticking fee at a rate of 6% per year if the deal's closing is delayed by certain pending insurance regulatory approvals. After the deal is completed, which is expected in H1 2027, Accelerant shares will no longer trade on the New York Stock Exchange.Separately, Accelerant reported Q2 adjusted earnings Thursday of $0.32 per diluted share, up from $0.13 a year earlier and above the FactSet consensus of $0.17. Second-quarter revenue was $356.9 million, up from $219.1 million a year ago and above the FactSet consensus of $279.2 million. The company said it won't provide Q3 or full-year 2026 guidance due to its pending acquisition by Thoma Bravo. Accelerant shares were up 43.5% near noon.Cisco Systems (CSCO) reported fiscal Q4 adjusted EPS late Wednesday of $1.22, up from $0.99 a year earlier and above the FactSet consensus of $1.17. Fiscal Q4 revenue was $17.25 billion, up from $14.67 billion a year ago and above the FactSet consensus of $16.84 billion. For fiscal Q1, the company expects adjusted EPS of $1.32 to $1.34 on revenue of $18.0 billion to $18.2 billion. Analysts polled by FactSet expect $1.16 and $16.84 billion, respectively. For fiscal 2027, the company expects adjusted EPS of $5.05 to $5.11 on revenue of $72.2 billion to $73.4 billion. Analysts expect $4.83 and $69.12 billion, respectively. Cisco shares were down 8.7%.Cerebras Systems (CBRS) reported a Q2 net loss late Wednesday of $2.98 per diluted share, swinging from earnings of $1.91 a year earlier and compared with a loss of $1.62 expected by the FactSet consensus. Second-quarter revenue was $180.1 million, up from $103.3 million a year ago but below the FactSet consensus of $190.6 million. For Q3, the company expects non-GAAP revenue of about $214 million to $216 million, above the FactSet consensus of $210.2 million. Cerebras expects full-year non-GAAP revenue of $880 million to $890 million, up from its prior guidance of $855 million to $865 million and above the FactSet consensus of $863.4 million. Cerebras shares were down 13.6%.Larsen & Toubro has secured an order worth up to 150 billion Indian rupees ($1.57 billion) to deploy an Nvidia (NVDA) B300 Artificial Intelligence Factory for Together AI at its Chennai data center campus, the company said Thursday. Separately, Nebius Group (NBIS) has signed an agreement with Vantage Data Centers to deploy high-density artificial intelligence infrastructure powered by Nvidia at Vantage's CWL1 data center campus in Wales, the companies said Thursday. Lastly, Anthropic is in talks to acquire Nvidia-backed AI startup Decart AI for about $6 billion, multiple outlets reported Wednesday. Nvidia shares were up 0.1%, while Nebius shares were down 0.7%.Price: $113.22, Change: $-10.66, Percent Change: -8.61%

$ARX$CBRS$CSCO$NBIS$NVDA
Wire

Cisco Sees Strong Enterprise, AI Demand as Market-Share Momentum Builds, Morgan Stanley Says

Cisco Systems (CSCO) is benefiting from broad-based strength across its core enterprise business and hyperscaler AI infrastructure, with improved supply availability helping drive market-share gains and stronger growth, Morgan Stanley said Thursday in a report.Cisco's core business, excluding hyperscalers, is expected to grow 10% in fiscal 2027, while hyperscaler AI revenue is projected to reach $7.5 billion, almost 90% higher from a year earlier, Morgan Stanley said. Overall full-year revenue growth is estimated at 15%, the report said.Demand remains strong as enterprises and hyperscalers invest in networking and security equipment to support AI workloads, while Cisco's security business also improved, the report said.Faster hardware growth and higher memory costs are expected to keep gross margins under pressure through much of fiscal 2027, though lower operating-expense "intensity" and stronger operating leverage may offset some of that pressure, the report said.Morgan Stanley raised full-year estimates to EPS of $5.09 on revenue of $72.8 billion from EPS of $4.78 on revenue of $68 billion.Morgan Stanley raised its price target on Cisco stock to $135 from $130 and maintained its overweight rating.Price: $114.59, Change: $-9.29, Percent Change: -7.50%

$CSCO
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Thursday Amid Producer Inflation Data Release

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.2%, and the actively traded Invesco QQQ Trust (QQQ) was 0.1% higher in Thursday's premarket activity amid softer-than-expected July producer prices.US stock futures were also higher, with S&P 500 Index futures up 0.2%, Dow Jones Industrial Average futures advancing 0.3%, and Nasdaq futures gaining 0.1% before the start of regular trading.In premarket activity, bitcoin was up by 0.1%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.1% higher, Ether ETF (EETH) retreated 0.04%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was 0.2% lower.The US Producer Price Index held steady in July following a 0.1% decrease in June, compared with the 0.2% gain expected in a survey compiled by Bloomberg as of 7:30 am ET.US initial jobless claims rose to a level of 209,000 in the week ended Aug. 8 from an upwardly revised 200,000 level in the previous week, compared with expectations for a smaller increase to 202,000 in a survey of analysts compiled by Bloomberg.The weekly natural gas stocks data will be released at 10:30 am ET.Federal Reserve Cleveland President Beth Hammack, Richmond Fed President Thomas Barkin, and Atlanta Fed President Cheryl Venable speak on Thursday.Power Play:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.1%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was flat, and the iShares US Consumer Staples ETF (IYK) was 0.1% lower. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.3%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 0.7% higher.Birkenstock (BIRK) shares were up more than 11% pre-bell after the company reported higher fiscal Q3 adjusted earnings and revenue.Winners and Losers:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated 0.1%, while the Vanguard Industrials Index Fund (VIS) was up 0.4% and the iShares US Industrials ETF (IYJ) was inactive.Intuitive Machines (LUNR) stock was down more than 9% before the opening bell after the company reported a wider Q2 loss.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.1%, the iShares US Technology ETF (IYW) was 0.03% higher, and the iShares Expanded Tech Sector ETF (IGM) was down 0.02%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was flat, while the iShares Semiconductor ETF (SOXX) fell by 0.5%.Cisco Systems (CSCO) shares were down more than 6% in premarket activity even after the company reported higher-than-expected fiscal Q4 results and guidance for fiscal Q1 and 2027.EnergyThe iShares US Energy ETF (IYE) was down 0.02% while the State Street Energy Select Sector SPDR ETF (XLE) was 0.3% lower.Golar LNG (GLNG) stock was up nearly 3% before market open after the company posted higher Q2 net income and operating revenue.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) was up 1.3%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1% lower.Mitsubishi UFJ Financial Group (MUFG) shares were up 2% in early-hours activity after the company said it is launching a proof-of-concept collaboration to bring Japanese government bond repurchase transactions on-chain through Canton Network.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.4%, the Vanguard Health Care Index Fund (VHT) was up 0.7%, while the iShares US Healthcare ETF (IYH) gained 0.5%. The iShares Biotechnology ETF (IBB) was 0.6% higher.AbCellera Biologics (ABCL) stock was down more than 1% premarket after the company priced a public offering of shares and pre-funded warrants for expected gross proceeds of about $200 million, the company said Thursday.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 2.1% to $81.54 per barrel on the New York Mercantile Exchange. Natural gas was 0.8% lower at $2.78 per 1 million British Thermal Units. The United States Oil Fund (USO) decreased by 1.8%, while the United States Natural Gas Fund (UNG) was 0.1% lower.Gold futures for November were down by 0.5% at $4,443.40 an ounce on the Comex. Silver futures retreated 0.8% to $65.19 an ounce. SPDR Gold Shares (GLD) was down by 0.6%, and the iShares Silver Trust (SLV) was 0.6% lower.

Dow JonesNasdaq CompositeS&P 500$ABCL$BETH$BIRK$BITO$CSCO$EEM$EETH$EXI$FAS$FAZ$GLD$GLNG$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$LUNR$MUFG$PMR$QQQ$RTH$SLV$SOXX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Sectors

Sector Update: Tech Stocks Steady Pre-Bell Thursday

Technology stocks were steady pre-bell Thursday, with the State Street SPDR S&P Semiconductor ETF (XSD) inactive and the State Street Technology Select Sector SPDR Fund (XLK) up a slight 0.1%.Cisco Systems (CSCO) shares were down more than 7% even after the company posted higher fiscal Q4 adjusted earnings and revenue.Cellebrite DI (CLBT) stock fell more than 30% after the company reported a decline in Q2 non-GAAP earnings, and issued Q3 revenue outlook below analysts' expectations.IBM (IBM) shares were up more than 1% after the company said it has entered a partnership with OpenAI to help enterprises deploy AI across core business operations, modernize workflows and strengthen cybersecurity.

$CLBT$CSCO$IBM$XLK$XSD
Asia Markets

Update: US Equity Futures Mostly Flat Pre-Bell as Traders Evaluate Further Inflation Data

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were mostly flat pre-bell Thursday as traders evaluated another key inflation report, after yesterday's July consumer inflation reading matched forecasts.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were up 0.1%, and Nasdaq futures were down 0.1%.The July consumer price index rose 0.1% as expected, following a 0.4% decline in the previous month, according to data released by the Bureau of Labor Statistics on Wednesday.The US and Iran have made no progress on talks to revive the interim peace deal made in June, Reuters reported Wednesday, citing a senior Iranian source. President Donald Trump said in a post on Truth Social that the US has "total control" over the Strait of Hormuz, to which Iran responded that the waterway is "under Iran's control and management."Traders also digested the latest round of earnings, with Cisco Systems (CSCO) posting higher fiscal Q4 adjusted earnings and revenue.Applied Materials (AMAT) is expected to report its fiscal Q3 earnings after the market closes. Analysts polled by FactSet expect earnings of $3.40 per share on revenue of $9 billion.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 2.3% at $86.94 per barrel and US West Texas Intermediate crude 2.5% lower at $81.18 per barrel.The US Producer Price Index, released at 8:30 am ET, held steady in July following a 0.1% decrease in May, compared with an expected 0.2% gain in a survey compiled by Bloomberg. Initial jobless claims climbed to 209,000 in the week ended Aug. 8 from 200,000 in the previous week, compared with expectations for an increase to 202,000.Federal Reserve Cleveland President Beth Hammack, Richmond President Thomas Barkin, and Atlanta Fed Interim President Cheryl Venable are slated to speak on Thursday.In other world markets, Japan's Nikkei closed 1.2% higher, Hong Kong's Hang Seng ended 0.2% lower, and China's Shanghai Composite finished 0.5% lower. Meanwhile, the UK's FTSE 100 was down 0.4%, and Germany's DAX index was 0.4% higher in Europe's early afternoon session.In equities, Cisco stock was down 6.8% after the company reported its fiscal Q4 financial results. Cerebras Systems (CBRS) shares fell more than 15% after the company swung to a Q2 net loss. Coherent (COHR) stock was 6% lower despite the company posting higher fiscal Q4 adjusted earnings and revenue.On the winning side, Brookfield (BN) shares rose 1.5% after the company reported higher distributable earnings and revenue for Q2. Mitsubishi UFJ Financial Group (MUFG) stock was up 2.4% after the company said it was collaborating with Progmat and Digital Asset Holdings on a proof-of-concept to bring Japanese government bond repurchase transactions on-chain through Canton Network. IBM (IBM) shares were up 1.1% after the company said it entered a partnership with OpenAI to help enterprises deploy AI across core business operations, modernize workflows, and strengthen cybersecurity.

Dow JonesNasdaq CompositeS&P 500$AMAT$BN$CBRS$COHR$CSCO$IBM$MUFG
Sectors

Sector Update: Tech

Technology stocks were steady pre-bell Thursday, with the State Street SPDR S&P Semiconductor ETF (XSD) inactive and the State Street Technology Select Sector SPDR Fund (XLK) up a slight 0.1%.Cisco Systems (CSCO) shares were down more than 7% even after the company posted higher fiscal Q4 adjusted earnings and revenue.

$CSCO
Japan

US Equity Futures Rise Slightly Pre-Bell as Traders Await Further Inflation Data

US equity futures were edging slightly higher pre-bell Thursday as traders awaited another key inflation report, after yesterday's July consumer inflation reading matched forecasts.Dow Jones Industrial Average futures were 0.27% higher, S&P 500 futures were up 0.26%, and Nasdaq futures were 0.07% higher.The July consumer price index rose 0.1% as expected, following a 0.4% decline in the previous month, according to data released by the Bureau of Labor Statistics on Wednesday.The US and Iran have made no progress on talks to revive the interim peace deal made in June, Reuters reported Wednesday, citing a senior Iranian source. President Donald Trump said in a post on Truth Social that the US has "total control" over the Strait of Hormuz, to which Iran responded that the waterway is "under Iran's control and management."Traders also digested the latest round of earnings, with Cisco Systems (CSCO) posting higher fiscal Q4 adjusted earnings and revenue.Applied Materials (AMAT) is expected to report its fiscal Q3 earnings after the market closes. Analysts polled by FactSet expect earnings of $3.40 per share on revenue of $9 billion.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.78% at $87.40 per barrel and US West Texas Intermediate crude 2.07% lower at $81.55 per barrel.The July Producer Price Index, scheduled for release at 8:30 am ET, is expected to gain 0.2% following a 0.3% decrease in the preceding month, according to estimates compiled by Bloomberg.The weekly jobless claims bulletin is expected to show 202,000 new unemployment claims for the week ended Aug. 8, up from 199,000 in the prior week.Federal Reserve Cleveland President Beth Hammack, Richmond President Thomas Barkin, and Atlanta Fed Interim President Cheryl Venable are slated to speak on Thursday.

Dow JonesNasdaq CompositeS&P 500$AMAT$CSCO
Cisco Stock Falls After Hours as Services Revenue Miss Overshadows Record Fourth-Quarter Results
US Markets

Cisco Stock Falls After Hours as Services Revenue Miss Overshadows Record Fourth-Quarter Results

Cisco Systems' (CSCO) shares dropped after the closing bell Wednesday as the company's fiscal fourth-quarter services revenue missed Wall Street's estimates, overshadowing what the networking equipment maker described as record results.Services revenue was flat year-over-year at $3.79 billion, falling short of the FactSet-polled consensus view of $3.81 billion. Product sales climbed 24% to $13.46 billion, exceeding expectations of $13.04 billion.Cisco shares declined 3.9% in after-hours trading. The stock is up nearly 61% this year as of Wednesday close.For the quarter ended July 25, Cisco's adjusted earnings per share increased to $1.22 from $0.99 a year ago, topping the Street's $1.17 view. Overall revenue jumped 18% to $17.25 billion, ahead of the $16.84 billion modeled by analysts."In (the fourth quarter), we delivered record revenue, non-GAAP operating income and EPS, all exceeding the high end of our guidance ranges and demonstrating strong financial discipline and operating leverage," Chief Financial Officer Mark Patterson said in a statement.Cisco forecasts adjusted EPS between $1.32 and $1.34 for the fiscal first quarter, while revenue is pegged at $18 billion to $18.2 billion. The Street is looking for non-GAAP EPS of $1.16 and sales of $16.83 billion.For fiscal 2027, the company projects adjusted EPS of $5.05 to $5.11, compared with analysts' estimate of $4.83. The revenue guidance ranges from $72.2 billion to $73.4 billion versus the market's $69.12 billion view.The company acquired observability firm Galileo Technologies and non-human identity security provider Astrix Securities in the fiscal fourth quarter.Networking company Arista Networks (ANET) reported stronger-than-expected second-quarter results last week and laid out a strong third-quarter outlook.Hewlett Packard Enterprise (HPE), which offers servers and networking products to power artificial intelligence applications, is scheduled to report fiscal third-quarter results in September.

$ANET$CSCO$HPE
Wire

GUIDANCE: (CSCO) Cisco Systems Expects Fiscal 2027 Revenue Range $72.2B-$73.4B, vs. FactSet Est of $69.12B

GUIDANCE: (CSCO) Cisco Systems Expects Fiscal 2027 Revenue Range $72.2B-$73.4B, vs. FactSet Est of $69.12B

$CSCO
Update: Benign Inflation, Upbeat Earnings Reports Help Lift Equities Intraday
US Markets

Update: Benign Inflation, Upbeat Earnings Reports Help Lift Equities Intraday

(Updates with latest market prices and developments.)US benchmark equity indexes were higher intraday as traders digested a benign consumer inflation report and the latest batch of corporate earnings.The Nasdaq Composite was up 0.6% at 26,609.2 after midday Wednesday, while the S&P 500 rose 0.3% to 7,752.9. The Dow Jones Industrial Average advanced 0.1% to 53,829.5. The three indexes finished Tuesday trading lower for a second consecutive session.Among sectors, technology led the gainers intraday Wednesday, while communication services and consumer discretionary saw the steepest declines.US annual consumer inflation came in at 3.4% in July, easing from 3.5% the month prior and marking the slowest pace of price growth since March, official data showed. Core inflation, which excludes volatile food and energy items, eased to 2.5% from June's 2.6%. Both prints matched the forecasts in a Bloomberg-compiled survey.On a month-on-month basis, consumer prices rose 0.1% in July following a 0.4% drop the month prior. Core prices rose to 0.2% after holding steady in June. Both readings were in line with market projections."Both the headline and core CPI in July were benign enough to reinforce our baseline forecast for a prolonged pause by the Federal Reserve over the remainder of the year," Oxford Economics said in a note. "Market expectations for a September rate hike have also downshifted on the back of the July CPI."The probability of the Fed keeping its benchmark lending rate unchanged next month increased to 62% Wednesday from 52% Tuesday, according to the CME FedWatch tool. The odds that the central bank will hike interest rates by 25 basis points fell to 38%.US Treasury yields were lower intraday, with the two-year yield down 2.1 basis points at 4.2% and the 10-year yield falling one basis point to 4.67%.In company news, Super Micro Computer (SMCI) shares jumped nearly 18% intraday, the top performer on the S&P 500. Late Tuesday, the company issued an upbeat fiscal 2027 revenue outlook.Lumentum (LITE) followed Super Micro on the S&P 500 intraday Wednesday, up 17%. Late Tuesday, Lumentum delivered a fiscal fourth-quarter beat.Home Depot (HD) shares were down 2.9% intraday Wednesday, the biggest decline on the Dow, after the company said Chief Executive Ted Decker is taking a temporary medical leave of absence.Cisco Systems (CSCO) is scheduled to report its latest financial results after the closing bell Wednesday, along with others.West Texas Intermediate crude oil was down 0.2% at $83.06 a barrel intraday, while Brent fell 0.3% to $88.64.The International Energy Agency projected a larger decline in global oil demand this year than previously estimated as the continued closure of the Strait of Hormuz weighs on consumption. Separately, the Organization of the Petroleum Exporting Countries lowered its global oil demand growth outlook for 2026 while projecting a stronger rebound for next year than previously estimated.Iran could "prolong" war with Washington until US President Donald Trump is out of office, CNN reported Wednesday, citing a top adviser to the commander of Tehran's Islamic Revolutionary Guard Corps.Yemen's Iran-aligned Houthis killed six people in an attack on a container ship in the Bab el-Mandeb Strait, an alternative route to the Strait of Hormuz, CNBC reported. The US Central Command said in a post on X that its forces disabled the steering gear of a cargo vessel that allegedly attempted to transit the Gulf of Oman and breach its Iranian blockade.Gold was up 0.7% to $4,402.62 per troy ounce, while silver rose 1.1% to $65.48.

Dow JonesNasdaq CompositeS&P 500$CSCO$HD$LITE$SMCI
Asia Markets

Update: US Equity Futures Higher Pre-Bell as Traders Assess Inflation Report

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were edging higher pre-bell Wednesday as traders assessed the latest national inflation report, which will be a major factor in the near-term direction of interest rates.Dow Jones Industrial Average futures were 0.3% higher, S&P 500 futures were up 0.4%, and Nasdaq futures were 0.8% higher.The conflict in the Middle East showed no signs of de-escalating as US Central Command said in a post on X that it disabled a vessel in the Gulf of Oman that was in violation of the US blockade against Iran. In the Red Sea, a small Egyptian-owned cargo vessel was attacked by suspected Iran-backed Houthi forces, causing the deaths of six people, multiple media outlets reported.Traders digested the latest round of earnings, with Amcor (AMCR) posting higher fiscal Q4 adjusted earnings and net sales.Cisco Systems (CSCO) is expected to report its fiscal Q4 earnings after the market closes. Analysts polled by FactSet expect earnings of $1.17 per share on revenue of $16.84 billion.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.2% at $89.07 per barrel and US West Texas Intermediate crude 0.4% higher at $83.53 per barrel.The July consumer price index, released at 8:30 am ET, gained 0.1%, compared with a 0.4% decline in the previous month, and meeting expectations in a survey compiled by Bloomberg.In other world markets, Japan's Nikkei closed 0.8% higher, Hong Kong's Hang Seng ended 0.8% lower, and China's Shanghai Composite finished 0.3% higher. Meanwhile, the UK's FTSE 100 was up 0.1%, and Germany's DAX index was 0.4% higher in Europe's early afternoon session.In equities, CoreWeave (CRWV) shares were up more than 20% after the company's Q2 results surpassed market expectations. Nebius (NBIS) stock was over 16% higher after the company reported a narrower Q2 loss than analyst estimates. SK hynix (SKHY) shares were up 4.6% after a report from The Asia Business Daily that the company and Samsung Electronics are set to receive investments from Singapore sovereign wealth fund Temasek.On the losing side, Amcor stock was down 1.4% after the company posted its fiscal Q4 financial results. Performance Food Group (PFGC) stock was down 4.9% after the company's fiscal Q4 adjusted earnings and sales fell short of analysts' consensus.

Dow JonesNasdaq CompositeS&P 500$AMCR$CRWV$CSCO$NBIS$PFGC$SKHY
Equity Futures Rise Pre-Bell Ahead of Consumer Inflation Data
US Markets

Equity Futures Rise Pre-Bell Ahead of Consumer Inflation Data

The main US equity benchmarks were trending higher in Wednesday's premarket activity as traders await a key inflation report.The S&P 500 was up 0.2%, the Dow Jones Industrial Average edged 0.1% higher, while the Nasdaq added 0.6% before the opening bell. The three indexes finished Tuesday trading lower for a second consecutive session.The official US consumer price index report for July is scheduled to be released at 8:30 am ET. Data are expected to show that consumer inflation increased 0.1% sequentially and 3.4% annually, according to a Bloomberg-compiled consensus.Wall Street is also projecting core CPI - which excludes volatile items such as food and energy -- to advance 0.2% month over month and 2.5% year over year for last month.US Treasury yields were down in premarket action Wednesday, with the two- and 10-year rates retreating 1.5 and 1.6 basis points, respectively, to 4.2% and 4.67%.West Texas Intermediate crude oil increased 0.3% to $83.43 a barrel before the open, while Brent was little changed at $88.95.The International Energy Agency now forecasts global oil demand to drop by 1.6 million barrels a day this year, 510,000 barrels more than its previous estimate last month, as the ongoing closure of the Strait of Hormuz and high crude prices weigh on consumption, the agency said Wednesday.Yemen's Iran-aligned Houthis killed six people in an attack on a container ship in the Bab el-Mandeb Strait, an alternative route to the Strait of Hormuz, CNBC reported. The US Central Command said in a post on X that its forces disabled the steering gear of a cargo vessel that allegedly attempted to transit the Gulf of Oman and breach its Iranian blockade.On Tuesday, secretary of Iran's Supreme National Security Council Mohsen Rezaei reportedly said the Strait of Hormuz will remain closed as long as the US does not accept Tehran's conditions. Previously, Pakistani Defense Minister Khawaja Asif told Bloomberg News that the US and Iran were close to "some sort of an arrangement."Shares of CoreWeave (CRWV) jumped 18% pre-bell after the company overnight reported better-than-expected second-quarter results amid strong demand for cloud computing. Super Micro Computer (SMCI) gained nearly 9% in premarket activity as the company issued an upbeat fiscal 2027 revenue outlook.Cisco Systems (CSCO) is scheduled to report its latest financial results after the markets close, while Nebius (NBIS), Performance Food Group (PFGC), Trimble (TRMB), Brinker International (EAT) and Global-E Online (GLBE) post their earnings before the bell, among others.Wednesday's economic calendar also has the weekly mortgage applications bulletin at 7 am, followed by the weekly EIA domestic petroleum inventories report at 10:30 am.Gold inclined 0.7% to $4,473 per troy ounce, while bitcoin rose 0.9% to $64,136.

Dow JonesNasdaq CompositeS&P 500$CRWV$CSCO$EAT$GLBE$NBIS$PFGC$SMCI$TRMB
Japan

US Equity Futures Higher Pre-Bell as Traders Await Inflation Report

US equity futures were edging higher pre-bell Wednesday as traders looked forward to the latest national inflation report, which will be a major factor in the near-term direction of interest rates.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were up 0.3%, and Nasdaq futures were 0.7% higher.The conflict in the Middle East showed no signs of de-escalating, as US Central Command said in a post on X that it disabled a vessel in the Gulf of Oman that was in violation of the US blockade against Iran. In the Red Sea, a small Egyptian-owned cargo vessel was attacked by suspected Iran-backed Houthi forces, causing the deaths of six people, multiple media outlets reported.Traders digested the latest round of earnings, with Amcor (AMCR) posting higher fiscal Q4 adjusted earnings and net sales.Cisco Systems (CSCO) is expected to report its fiscal Q4 earnings after the market closes. Analysts polled by FactSet expect earnings of $1.17 per share on revenue of $16.84 billion.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.2% at $89.06 per barrel and US West Texas Intermediate crude 0.4% higher at $83.50 per barrel.The July consumer price index, scheduled for release at 8:30 am ET, is seen gaining 0.1%, compared with a 0.4% decline in the prior month, according to estimates compiled by Bloomberg.

Dow JonesNasdaq CompositeS&P 500$AMCR$CSCO
Update: S&P 500 Retreats From Record, Oil Jumps as Hormuz Reopening Hopes Fade
US Markets

Update: S&P 500 Retreats From Record, Oil Jumps as Hormuz Reopening Hopes Fade

(Updates with market moves at the end of the day, and other changes, if any.)US equity benchmarks fell Monday, with the S&P 500 pulling back from a record high as oil prices rose amid doubts that the Strait of Hormuz will reopen soon.The large-cap index closed 0.1% lower at 7,753.11, after reaching a new peak in the previous session. The Nasdaq Composite declined 0.3% to settle at 26,605.36, while the Dow Jones Industrial Average edged down 0.1% to 53,975.98.Among sectors, real estate led the laggards, while energy topped the gainers.West Texas Intermediate crude oil jumped 5% to $82.05 a barrel in Monday late-afternoon trade, while Brent climbed 4.8% to $87.55.Iran has reportedly laid out new terms for reopening the Strait of Hormuz, including a permanent end to the war against Tehran and its allies, as well as demanding full compensation for war damages.US President Donald Trump on Monday demanded compensation from Iran "for all of the people that they have killed and gravely wounded with their roadside bombs and many conflicts."In another social media post, Trump said that "Iran should be responsible for the damages and death caused to the people of Lebanon, Syria, Yemen, and Gaza."Trump has signaled that he's prepared to exert greater economic pressure on Iran instead of launching another military attack, Axios reported Sunday."Oil prices remain supported by uncertainty surrounding the Strait of Hormuz," ING Bank said in a report Monday. "Significant hurdles remain before any broader agreement is reached."US Treasury yields were higher, with the two-year rate up 3.5 basis points at 4.24% and the 10-year rate rising 4.3 basis points to 4.7%.Cleveland Fed President Beth Hammack told Yahoo Finance that more than one interest rate hike may be needed to curb US inflation.Hammack was one of the three dissenters who called for a quarter percentage point rate hike last month, when the Federal Reserve left monetary policy unchanged for a fifth time.In company news, Intel (INTC) plans to raise $15 billion to support capital expenditures as demand for artificial intelligence computing remains strong. The stock fell 4.1%.Teledyne Technologies (TDY) has agreed to acquire X-ray imaging components manufacturer Varex Imaging (VREX) in a $1.1 billion deal that will expand its X-ray device portfolio to include oncology detectors. Varex shares surged 49%, while Teledyne edged down 0.2%.Some 11 S&P 500 companies are scheduled to report results this week, including Cisco (CSCO) and Applied Materials (AMAT).So far, 443 companies, or 89% of the index constituents, have reported results in the current cycle, with profit growth slowing to 51% from about 57% a week ago, Oppenheimer Asset Management said in a report Monday.Spot gold rose 1.1% to $4,388.79 per troy ounce, while silver advanced 4.2% to $66.19 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMAT$CSCO$INTC$TDY$VREX
S&P 500 Companies' Quarterly Earnings Growth Eases Amid Healthcare Drop, Oppenheimer Says
US Markets

S&P 500 Companies' Quarterly Earnings Growth Eases Amid Healthcare Drop, Oppenheimer Says

S&P 500 companies' quarterly earnings growth rate eased from a week ago amid a drop in the healthcare sector, though the results continue to be "strong" overall, Oppenheimer Asset Management said Monday.Some 89% of the companies in the benchmark equity index have reported results in the ongoing cycle, with earnings rising about 51% year over year, compared with 57% growth a week ago. Revenue growth eased to 14.6% from 14.8%, the report showed.The healthcare sector saw earnings fall 7.5% on an annual basis, compared with a 20% jump a week ago.In the sector, Merck (MRK) swung to a quarterly loss amid an acquisition charge, while Pfizer's (PFE) second-quarter adjusted earnings fell year over year last week.The remaining 10 S&P 500 sectors reported year-over-year profit growth, with energy up 147%. Consumer discretionary and communication services soared more than 110% each, Oppenheimer said Monday.Bottom-up estimates from FactSet put analysts' projected earnings growth at 24% prior to the start of the latest reporting season, according to the brokerage.In terms of sales, energy continued to lead the sectors with a 42% annual gain for the quarter, followed by technology's 27% advance."Continued strong results reported for (the second-quarter) earnings season, along with economic data that showed acceleration in services and manufacturing activity even as jobs declined in July, lent support for the (Federal Reserve) to remain 'on hold'," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said in a note to clients."In addition to these solid reported results, a number of company managers in key sectors have provided positive forward guidance, suggesting that conditions are favorable for further improvement ahead," Stoltzfus wrote.Only 11 S&P 500 companies are scheduled to report results this week, including Cisco (CSCO), Applied Materials (AMAT), and Simon Property (SPG).Markets are pricing in a 50% probability that the Fed will leave its benchmark lending rate unchanged in September, with the remaining odds in the favor of a 25-basis-point increase, according to the CME FedWatch tool.Price: $130.65, Change: $+2.07, Percent Change: +1.61%

$AMAT$CSCO$MRK$PFE$SPG
Update: Equities Fall, Oil Rises Intraday Amid Hormuz Reopening Uncertainty
US Markets

Update: Equities Fall, Oil Rises Intraday Amid Hormuz Reopening Uncertainty

(Updates with latest market prices and developments.)US stocks fell and oil prices advanced intraday as the Strait of Hormuz's reopening appeared uncertain.The Nasdaq Composite was down 0.3% at 26,616.2 after midday Monday, while the Dow Jones Industrial Average fell 0.2% to 53,914.8. The S&P 500, which notched a new closing high on Friday, edged down 0.1% to 7,754.1.Among sectors, real estate led the laggards intraday Monday, while energy topped the gainers.West Texas Intermediate crude oil jumped 4.3% to $81.52 a barrel, while Brent climbed 4.3% to $87.14.Iran has reportedly laid out new terms for reopening the Strait of Hormuz, including a permanent end to the war against Tehran and its allies.US President Donald Trump has signaled that he's prepared to exert greater economic pressure on Iran instead of launching another military attack, Axios reported Sunday."We are low-keying it," Trump reportedly said in a phone call, according to Axios. "We are only semi-negotiating with them. We are just watching Iran with its huge inflation and the fact they have no money.""Oil prices remain supported by uncertainty surrounding the Strait of Hormuz," ING Bank said in a report Monday. "Significant hurdles remain before any broader agreement is reached."US Treasury yields were higher intraday, with the two-year rate up 3.7 basis points at 4.24% and the 10-year rate rising 4.5 basis points to 4.7%.In company news, Intel (INTC) plans to raise $15 billion from a common stock offering to support capital expenditures as demand for artificial intelligence computing remains strong. The stock was down 1.9%.Teledyne Technologies (TDY) has agreed to acquire X-ray imaging components manufacturer Varex Imaging (VREX) in a $1.1 billion deal that will expand its X-ray device portfolio to include oncology detectors. Varex shares surged 48%, while Teledyne edged up 0.4%.Some 11 S&P 500 companies are scheduled to report results this week, including Cisco (CSCO) and Applied Materials (AMAT).So far, 443 companies, or 89% of the index constituents, have reported results in the current cycle, with profit growth slowing to 51% from about 57% a week ago, Oppenheimer Asset Management said in a report Monday.Spot gold edged up 0.4% to $4,358.07 per troy ounce, while silver advanced 2.6% to $65.14 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMAT$CSCO$INTC$TDY$VREX
Asia Markets

Update: US Equity Futures Mostly Flat Pre-Bell Amid Lack of Progress in Middle East Peace Negotiations

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were mostly flat pre-bell Monday as traders evaluated the lack of solid progress on a peace deal in the Middle East.Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were flat, and Nasdaq futures were 0.1% lower.Iranian Foreign Minister Abbas Araqchi said that the nation would not restart direct talks with the US as long as it continues violating the June memorandum of understanding. Araqchi added that reopening the Strait of Hormuz would be partly conditional on the US paying for damage caused during the conflict between the two nations.President Donald Trump said that the US is "only semi-negotiating" with Iran as the Middle Eastern nation undergoes an economic crisis due to sky-high inflation and has no money to pay its troops, according to an Axios report on Sunday.Expected report their financial results this week are Cisco Systems (CSCO), Applied Materials (AMAT), and Brookfield (BN).Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.9% at $85.13 per barrel and US West Texas Intermediate crude 2% higher at $79.72 per barrel.The economic calendar is vacant.In other world markets, Japan's Nikkei closed 2.1% higher, Hong Kong's Hang Seng ended 1.1% higher, and China's Shanghai Composite finished 0.7% higher. Meanwhile, the UK's FTSE 100 was down 0.3%, and Germany's DAX index was 0.3% higher in Europe's early afternoon session.In equities, SpaceX (SPCX) shares rose 1.3% after Reuters reported that retail investors sold shares for the first time last Friday since the June IPO. Meta Platforms (META) stock was up 1.9% after Chief Executive Mark Zuckerberg called for lower US regulatory barriers for open-weight artificial intelligence models to help American companies compete with Chinese rivals.Newmont (NEM) shares were 2.5% higher, while Barrick Mining (B) stock fell 6.2%, after the two companies said they agreed to contribute excluded properties, including Barrick's Fourmile and Newmont's Fiberline and Mike developments, to the Nevada Gold Mines joint venture, in an agreement wherein Newmont will pay Barrick $1.95 billion for the contribution of the properties.On the losing side, Intel (INTC) shares dropped 4.1% after the company said it is offering $15 billion of common stock in a public offering. Cloudflare (NET) stock was 1.8% lower after the company said it plans to offer roughly $2.18 billion worth of convertible senior notes due 2031 through a private offering to institutional buyers.

Dow JonesNasdaq CompositeS&P 500$AMAT$B$BN$CSCO$INTC$META$NEM$NET$SPCX
Japan

US Equity Futures Mostly Flat Pre-Bell Amid Lack of Progress in Middle East Peace Negotiations

US equity futures were mostly flat pre-bell Monday as traders evaluated the lack of solid progress on a peace deal in the Middle East.Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.2% higher.Iranian Foreign Minister Abbas Araqchi said that the nation would not restart direct talks with the US as long as it continues violating the June memorandum of understanding. Araqchi added that reopening the Strait of Hormuz would be partly conditional on the US paying for damage caused during the conflict between the two nations.President Donald Trump said that the US is "only semi-negotiating" with Iran as the Middle Eastern nation undergoes an economic crisis due to sky-high inflation and has no money to pay its troops, according to an Axios report on Sunday.Expected report their financial results this week are Cisco Systems (CSCO), Applied Materials (AMAT), and Brookfield (BN).Oil prices were lower, with front-month global benchmark North Sea Brent crude up 1.6% at $84.85 per barrel and US West Texas Intermediate crude 1.7% higher at $79.49 per barrel.The economic calendar is vacant.

Dow JonesNasdaq CompositeS&P 500$AMAT$BN$CSCO
Asia Markets

US Equity Investors to Focus on Inflation, Iran Geopolitics, Quarterly Earnings This Week

US equity investors are expected to focus on inflation and Fed speak this week while keeping a close watch on geopolitical developments related to Iran and quarterly earnings.* Consumer and wholesale price inflation data is due Wednesday and Thursday, respectively. Retail sales will be out Friday while existing home sales are scheduled for Tuesday.* Cleveland Fed President Beth Hammack, who was one of the three dissenters at the July Federal Open Market Committee meeting seeking a quarter of a percentage point increase in interest rates, and Richmond Fed President Tom Barkin will be delivering speeches on Thursday, a day after the CPI is due for release.* Currently, there is a 56% probability that the Fed will leave the target rate unchanged at 3.5% to 3.75% at its upcoming September policy meeting, up from 33% a week ago, due to a decline in July's nonfarm payrolls released late last week.* "I buy that near-term inflation risk remains elevated and an overly data-dependent FOMC may well react by raising rates," a Scotiabank note said late Friday. "In the context of lagging effects of monetary tightening, however, I don't see this as appropriate in the face of how inflation risk is likely to evolve in a medium-term sense."* Cisco (CSCO), Applied Materials (AMAT), CoreWeave (CRWV), Rocket Lab (RKLB) and Simon Property Group (SPG) are among the companies reporting quarterly results.* Iranian Foreign Minister Abbas Araqchi said on Sunday an agreement with Oman on the strait was in its "final stages" but reiterated comments made on Saturday that Tehran would not reopen the channel unless the US met certain demands made by Tehran, Reuters reported. These include compensation and an end to sanctions and military threats, before the strategic waterway is reopened, the news report said.* President Donald Trump has signaled a US emphasis on increasing economic pressure on Iran, saying that Washington is "low-keying" negotiations with the country, according to CNN.

Dow JonesNasdaq CompositeS&P 500$AMAT$CRWV$CSCO$RKLB$SPG

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