Stocks are lower today, and the Dow Jones industrial average is down 24 points. The main culprit? Cisco Systems. With shares dropping by more than 13%, Cisco seems to have brought down most of the market.
The situation now has investors wondering whether, "Cisco's problems are Cisco's problems, or if it's related to tech overall." But when you combine Cisco's issues with the drop in Akami's shares by 14%, it appears that the entire technology sector faces poor quarterly earnings.
-The Finance Whisperer