S&P 500 notches record, shakes off Cisco's gloomy outlook

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S&P 500 notches record, shakes off Cisco's gloomy outlook
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The benchmark S&P 500 stock index posted a slim gain to end with a record closin...

- The benchmark S&P 500 stock index posted a slim gain to end with a record closing high on Thursday, as a dour forecast from tech stalwart Cisco Systems was offset by a strong report from big box retailer Walmart.

The Dow index ended barely negative, after posting a closing high on Wednesday, while the Nasdaq also ended fractionally lower. Cisco’s share decline weighed the most on the major indexes and helped drag the technology sector .SPLRCT down 0.1%. Walmart shares fell 0.3% after hitting a record high earlier in the session, but the S&P 500 retail .SPXRT and consumer discretionary .SPLRCD indexes finished higher after the company’s report.

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