10 May 2001, 09:16 US stocks close lower on Cisco ambiguity
New York, May 9 (BridgeNews) - U.S. stocks pulled back amid weakness
in the chip and networking sectors after Cisco Systems (CSCO) said
visibility is "extremely challenging." Still, traders said losses in the
market were fairly muted and that stocks are still consolidating after
recent strength. The Nasdaq closed down 41 points, or 1.88%, at 2157. The
Dow was down 16 points to 10,866 and the S&P 500 was down 6 points to
1257.
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