MARKET PULSE-Cisco, YuMe, Millennial, Eagle Bulk, China Recycling
(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks were up modestly on Thursday, holding gains from late in the previous session which came ahead of the release of remarks from Federal Reserve chair nominee Janet Yellen, while a slide in Cisco shares weighed on the technology sector. The Dow Jones industrial average rose 0.06 percent. The S&P 500 gained 0.09 percent, while the Nasdaq Composite dropped 0.2 percent.
** CISCO SYSTEMS INC, $21.16, down 12 pct (11:40 a.m. ET)
** FINISAR CORP, $21.87, down 7 pct
** BROADCOM CORP, $27.15, down 1.6 pct
** HEWLETT-PACKARD CO, $25.23, down 5 pct
** ORACLE CORP, $34.08, down 2.7 pct
** INTERNATIONAL BUSINESS MACHINES CORP, $181.13, down 1 pct
Network equipment maker Cisco forecast a steep drop in revenue for the current quarter, prompting at least 17 brokerages to cut price targets on its stock and two to downgrade their ratings. Continued...