Gold Down 2%; Cisco Shares Tumble After Q4 Results
Key takeaways
- Cisco's revenue beat and Leslie's Inc's disappointing results may impact investor sentiment, while Accelerant Holdings' acquisition and strong Q2 results may boost investor confidence.
- Dow traded down 0.16% to 53,682.87
- NASDAQ rose 0.61% to 26,749.51
- Cisco reported fourth-quarter revenue of $17.25 billion
What happened
The Dow traded down 0.16% to 53,682.87, while the NASDAQ rose 0.61% to 26,749.51. Cisco reported fourth-quarter revenue of $17.25 billion, beating analyst estimates of $16.82 billion. Leslie's Inc shares dropped 39% after the company reported worse-than-expected third-quarter financial results. Accelerant Holdings shares shot up 44% after the company agreed to be acquired by Thoma Bravo and reported better-than-expected second-quarter 2026 results.
Why it matters
Cisco's revenue beat and Leslie's Inc's disappointing results may impact investor sentiment. Accelerant Holdings' acquisition and strong Q2 results may boost investor confidence. Initial jobless claims rose by 9,000 to 209,000, which may affect the overall economic outlook.
Short-term and longer-term
Short-term. Over the next day or two, watch the next open for these shares, and any same-day update to the year-ahead numbers.
Longer-term. Cisco's revenue beat may indicate a strong demand for its products, while Leslie's Inc's disappointing results may indicate a decline in demand for its products.