Cisco results boost US stocks at open
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NEW YORK, Nov 14 AFP
November 15 2012, 01:44AM
Analyst-beating quarterly results from Cisco Systems have given US stocks a solid opening boost, following two listless sessions.
Five minutes into Wednesday trade, the Dow Jones Industrial Average was up 34.81 points (0.27 per cent) at 12,790.99.
The broad-market S&P 500 added 4.21 (0.31 per cent) at 1,378.74, while the tech-rich Nasdaq Composite gained 14.60 (0.51 per cent) at 2,898.49.
Dow component Cisco jumped 7.8 per cent to $18.16 after its 48 cents earnings per share for its fiscal first quarter beat analyst expectations by two cents.