Cisco Stock Slips, Pulls Dow Down After Jobs Report
Cisco Systems, Inc. shares dropped roughly 5% early Friday afternoon, snapping back after a run-up on AI hopes. A solid U.S. jobs report sent investors selling higher-priced tech stocks. Cisco slipped to $123.25, off $6.75 from the $130.00 close Thursday. The stock opened at $128.65 and fell to $123.21 at its lowest so far. Latest volume came in at roughly 10.8 million shares.