[US STOCK CLOSE] The mark
By[US STOCK CLOSE] The market suffered broad-based losses, triggered
by weak sales outlook from techie Cisco. Latter's stocks was hammered some
16% lower, dragging broad tech down with it. That left Nasdaq down 0.9%
in heavy volume, a bearish sign of distribution by big funds despite
today's quasi Vet Day holiday with bond market closed. Dow and S&P 500
fell less so but down stocks well outnumbered winners. Also, late in the
day, Disney reported results, also missing a bit with stock getting hit.
All major sectors lost ground, except energy, materials. Oil ended near
$ 88 and gold rose. Utilities and staples fell the least while financials
and industrials saw moderate losses. A firmer Usd weighed on big cap firms
with major foreign sales exposure. Elsewhere, G20 leaders summit not seen
as making any major accord on dealing with fx discord
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