Wednesday, May 9, 2007

U.S. Stocks Drop a 2nd Day Before Fed Decision; Cisco, Disney Shares Fall

(Bloomberg) -- U.S. stocks fell for a second day after forecasts from Cisco Systems Inc. and Walt Disney Co. spurred concern that profit growth may stall amid a slowdown in the world's largest economy.

Cisco, the biggest maker of computer-networking equipment, retreated after its sales outlook missed analysts' estimates for the first time in a year. Disney declined after the second- largest U.S. media company told investors it may struggle to generate revenue growth.


Read more at Bloomberg Stocks News

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