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Barchart
Barchart
Oleksandr Pylypenko

Stocks Slip Before the Open as Weak Earnings Weigh on Sentiment, U.S. Economic Data and Fed Speak in Focus

Mỹ US Federal Reserve United States Dow Cisco Palo Alto Networks Thomas Barkin Xi Jinping AMAT Applied Materials

December S&P 500 futures (ESZ23) are down -0.15%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.30% this morning as weak forecasts from Cisco and Palo Alto Networks weighed on sentiment, while investors looked ahead to a new round of U.S. economic data and speeches from Fed officials.

Cisco Systems Inc (CSCO) plunged over -10% in pre-market trading after the networking giant cut its full-year revenue guidance. Also, Palo Alto Networks Inc (PANW) slid more than -5% in pre-market trading after the company cut its FY24 billings forecast.

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