What's Dragging Down Cisco Stock?

The Dow was last seen down roughly 13 points

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Schaeffer's Midday Market Check
2/10/2021
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Major Benchmarks Give Back Gains Amid Big Tech Selloff


By: Lillian Currens

Stocks gave back earlier gains this afternoon, as investors began taking profits on the ever-surging Big Tech space, with names such as Amazon (AMZN), Apple (AAPL), and Microsoft (MSFT) all slipping into the red. The Dow Jones Industrial Average (DJI) is down roughly 13 points at midday. Meanwhile, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are both registering moderate losses, after earlier nabbing intraday highs. Wall Street is also gearing up for Federal Reserve Chairman Jerome Powell's speech at The Economic Club of New York later today, which will give clues on the current state of the U.S. labor market. 

Continue reading for more on today's market, including:

  • What's dragging down Cisco stock after an earnings beat?
  • How Vista Outdoor stock could keep its impressive momentum.
  • Plus, ACB attracts option players ahead of earnings; BPTH surges on patent news; and Diginex stock falls from record peak. 
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