After three days of stable upward movement, shares are showing some uncertainty on Friday afternoon. The Dow Jones Industrial Average is in the red, while the S&P 500 is hovering around the zero line and the Nasdaq is starting the day with a small gain of 0.4%. Alphabet's positive result is a breath of fresh air for the Nasdaq, but the weak outlook from Intel $INTC (-0,83%) casts a shadow over investor sentiment. Behind the scenes, the fear of tariffs remains present and the future of the US economy is in focus. According to the University of Michigan, the consumer sentiment index improved to 52.2 from 50.8 previously. Nevertheless, the result remains among the weakest readings in the last three years and sentiment has now fallen for four months in a row. Investors are therefore caught between positive corporate news and uncertain economic conditions.
In the USA, Cisco Systems, Inc. $CSCO (-1,2%) is a true giant in the field of Internet protocol-based network technology. Founded in 1984 in San Jose, California, the company designs, manufactures and sells an impressive portfolio of products for the communications and information technology industry. With a comprehensive switching portfolio that covers campus and data center switching, as well as a routing portfolio that connects public and private networks, Cisco shows that they are at the forefront of the digital world. Their security solutions, which include network security, identity and access management, and threat detection and response, are critical at a time when cyberattacks are ubiquitous. Cisco also offers a wide range of collaboration products such as the Webex Suite and solutions for hybrid cloud environments. The products and services are sold directly and through system integrators, service providers and other resellers, giving Cisco a broad market presence.
Sources:
https://finance.yahoo.com/quote/INTC/
https://finance.yahoo.com/quote/CSCO/
