Dow Jones News: Cisco Stock Upgraded; Boeing Debt Downgraded
The stock market was unaffected Thursday by the historic impeachment of President Trump on Wednesday evening. The Dow Jones Industrial Average (DJINDICES: ^DJI) was up 0.35% as of 2 p.m. EST, carving out a new all-time high.
Helping the cause was Cisco Systems (NASDAQ: CSCO), which received an analyst upgrade despite looming revenue declines. Shares of Boeing (NYSE: BA) were also up a bit, even as the company's debt was downgraded due to the ongoing 737 MAX crisis.
Shares of Cisco have been weak over the past few months, down about 17% from their 52-week high. The networking hardware provider is seeing some hesitation from its customers as they grapple with global economic uncertainty. Cisco expects to report a revenue decline between 3% and 5% for its fiscal second quarter, ending a growth streak that has propelled the stock in recent years.
Source Fool.com
