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NEW YORK – Stocks tumbled Thursday after a disappointing Outlook of Cisco Systems approach market and that the leaders of the world try to propose plans to strengthen a weakening global economy.

The Dow Jones industrial average fell more than 110 points in the morning, led lower by Cisco .the trade ' composite index technology-heavy Nasdaq tumbled 2 percent.

For the second quarter of right, Cisco has provided investors with a disappointing sales forecasting.Who sent the Dow Jones index shares component down nearly 16%.

Computer network hardware manufacturer stated that revenues will increase by less than half of what analysts had planned for the month of November by janvier.Il quarter has concerns that competitors small are cut in market shares of Cisco.

Technology shares were among the most efficient in these last months as the company begins to choose Save with companies more investing in new technologies, get out of the recession.Cisco cautious forecast puts a damper on broader growth expectations in the sector during the coming quarters.

206.05.Le Nasdaq dropped 50.57, or 2%, 2,528.21 standard & Poor 500 index fell 12.66 or 1% 1.

Volume could be the light of day because of vacation, Veterans Day would exaggerate to commercial déplace.Bond is closed for holidays and Federal Government offices are closed, so no there is no readings on the economy.

Investors have also prudent Thursday that the leaders of the main rich and developing countries have begun a Summit in the Sud.Le Korea 20 Group strives to hammer plans to support a global recovery that is accelerated in some new countries such as China, while several countries such as the United States struggled to bounce.

Currency manipulation, gaps in trade and protectionism are the main themes that the Group should discuter.Certains countries criticized the United States last week after the Federal Reserve announced a binding that effectively reduces the value of the United States dollar.Les purchasing program and others criticized China for its currency held artificially low.

A weak currency helps the exports of a country because they are becoming cheaper to sell abroad lekeage can lead to wholesale trade imbalances and protectionist reactions Government attempt to prevent the occurred without global market products in their own country.

Leaders are trying to sort these issues in order to avoid a currency devaluations string might acrobats a global recovery.

The dollar gained ground against the euro Thursday, and has changed little still yen japonais.Le Japanese Government flooded several times currency markets in recent months with yen to reduce the value of money as it is close to a minimum of 15 years against the dollar.

The euro has struggled the last few days because of concerns about government debt problems particularly in Ireland fresh.

Dollar down regularly in both months helped funnel money in stocks and commodity investors seeking the best performance.

Chinese economy has been worrying investors Thursday after the country also stated inflation rose in October at its fastest pace, more than two ans.hausse inflation could force the Chinese Government to impose new controls which may slow growth in the pays.Que could in turn, slowing global recovery.

? 2010 The Associated rights Press.Tous réservés.Ce hardware cannot be published, broadcast, rewritten or redistributed.

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