Dow Jones futures rose slightly higher on Wednesday, along with S & P 500 futures and Nasdaq futures. The report says that President Donald Trump has considered a 60-day extension of the increase in Chinese tariffs. Dow Jones Tech Giant Cisco Systems (CSCO) reported better results and forecasts as well as the dividend and the buyback. The Cisco stock rose overnight signaling a rise above a point of purchase. HubSpot (HUBS) retired after leading software stock announced plans for a stock offering. Meanwhile, the current stock market rally is facing another test when the Nasdaq Composite encountered important resistance on Wednesday.
Dow Jones Futures Today
Dow Jones futures were just above fair value and returned small losses. S & P 500 futures increased. Nasdaq 100 futures rose 0.1%. The Cisco stock is a member of Dow, S & P 500 and Nasdaq. Keep in mind that the overnight action in Dow futures and elsewhere is not necessarily translated into actual trading in the next regular trading session.
Trump has a 60-day cutback on China's March 1 deadline, Bloomberg said, avoiding a short-term decision to impose higher tariffs on Chinese goods. Trump has signaled that he could delay the tariff decision in China. Two high-level trade talks with China begin in Beijing on Thursday. Chinese President Xi Jinping will meet with US officials on Friday.
Current Stock Market Rally
The current stock market rally has increased sharply since Christmas. On Tuesday, the major averages looked beyond a mini-consolidation as the S & P 500 index surpasses its 200-day mark. On Wednesday, the Nasdaq came to this line, but retreated and finished lower than 0.1%. The S & P 500 Index gained 0.3% and the Dow Jones gained 0.5%.
The growth figures, which outperformed for several days, had an unremarkable meeting on Wednesday. If the stock market moves sideways or retreats, the top stocks are unlikely to continue to develop and may retreat. Remember, when managing your individual positions and your overall portfolio.
It's Valentine's Day on Thursday, but when it comes to the stock market, invest with your head and not with your heart.
Cisco earnings increased 16% to 73 cents a share in the second quarter, while revenue increased 4% to $ 12.45 billion. This ended two quarters of accelerating Cisco's earnings growth and four quarters of slower revenue growth. However, analysts expected a 72 cents Cisco profit on revenue of $ 12.41 billion.
Cisco expects an EPS of 76-78 cents in the third quarter, an increase of 4% to 6%. This is well above the consensus Cisco revenue of 76 cents and a 3% revenue increase.
The network giant, which is expanding on services and software, increased its dividend to 35 cents per share. Cisco increased its share repurchase program by $ 15 billion, a current approval of $ 24 billion.
Cisco shares rose 3.9% to 49.36 in late trading. This signals a rise of just above a buy-point of 49.24 from a base with double bottom. The relative strength of a stock's performance relative to the S & P 500 index peaked on December 13, but it has since retreated somewhat.
HubSpot Share Offering
HubSpot shares fell 2.5% to 167.57 trades. The software company plans to sell 1.7 million shares. This happened after HubSpot was one of five top software stocks that made gains on Tuesday. HubSpot revenue and distribution pushed views, while first-quarter guidance was in line. On Wednesday, the stock rose to 180 and rose to 167.72, closing at 0.1% at 171.87.
The HubSpot share is being extended from a 158.76 grasp point.
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