Max Chen / ETF Trends
Cisco’s Rare Miss Weighs on Telecommunications ETFs – Cisco Systems (NasdaqGS: CSCO) come out with a rare quarterly disappointment, dragging down telecommunication sector-related exchange traded funds, after missing Wall Streets expectations. The iShares U.S. Telecommunications ETF (IYZ) was 2.3% lower on Thursday. Meanwhile, Cisco shares plummeted 13.7% on Thursday, marking its worst single-day decline since February 2010. CSCO …
