U.S. stocks on the move: Cisco, Liftoff Mobile, Modine
SPY•At 10:30 EST, the S&P 500 was down 0.92%, the Dow 0.31% and the Nasdaq 1.49%. Cisco fell after lower first-quarter gross margins, Liftoff Mobile jumped after a strong fourth-quarter revenue forecast, and Modine rose reportedly on Samsung acquisition talks.
1. Indexes fall
The major U.S. stock indexes fell as investors weighed potential ripple effects from Nvidia CEO Jensen Huang's exit, while softer October producer prices offered little relief. At 10:30 EST, the Dow was down 0.31% at 52,134.84, the S&P 500 was down 0.92% at 7,522.49, and the Nasdaq Composite was down 1.49% at 24,988.78.
2. Notable movers
Cisco shares fell after lower first-quarter gross margins, while Liftoff Mobile jumped after a strong fourth-quarter revenue forecast. Modine rose after a report of Samsung acquisition talks. Modine gained 27.2%, making it one of the NYSE's top three percentage gainers.
