Slow Summer Trading Shows on Wednesday, Cisco Beats Expectations and Sees Shares Rise

On Wednesday, trading volume was low and US indices ended mixed at the close of Wall Street. Reports were released that home building confidence is high and that industrial output increased in July, but manufacturing was down in the New York region. News from Cisco Systems (CSCO) came after the bell and announced an increase in their dividend and beat expectations on the past quarter. NetApp Inc. (NTAP) also saw shares rise after improving their forecast. Deere & Co. (DE) cut their outlook for the year and questions the influence of this year's drought.
Carlyle group (CG) announced its plans to acquire Getty Images for $3.3 billion. Oil prices are at a three-month high and the dollar made gains against both the euro and the yen.

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Published on Aug 15, 2012
By InvestorGuide Staff

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