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Wall Street slips as Cisco drags, bond yields rise

Reuters 

By Medha Singh(Reuters) - Wall Street's main indexes dropped on Thursday as U.S. bond yields climbed to a seven-year high and Cisco's forecast disappointed, while looming Sino-U.S. trade talks added to the jitters.Shares of Cisco fell 3.6 percent and were the biggest drag on all the three major indexes, after the company's forecast indicated its transition to a software-focused business was a work in progress.Also weighing was Walmart's 1.8 percent fall. The stock was up in premarket trading after the retailer posted a rebound in its U.S. e-commerce business and beat profit estimates.Ten-year ...

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First Published: Thu, May 17 2018. 19:50 IST
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