AllMarket Summary
logoArgusNovember 17, 2023

Market Digest: HWM, LDOS, PANW, WRK

Sector(s)
Technology, Industrials, Consumer Cyclical
Summary

Stocks finished mixed on Thursday, as investors weighed earnings reports and weekly employment data. Walmart shares fell 8% despite strong 3Q results after the company warned of a slowdown in consumer spending. Cisco also fell nearly 10% after lowering its FY24 guidance. Mortgage rates dropped for the third week in a row. On the employment front, weekly jobless claims rose to a three-month high. First-time claims for state unemployment benefits rose by 13,000 to a seasonally adjusted 231,000 for the week ended November 11, above the Reuters consensus of 2

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