Target and Cisco Tell a Tale of 2 Stock Markets
The stock market was especially volatile on Wednesday. After falling sharply on the heels of a cryptocurrency crash, stocks recovered most of their lost ground by the end of the day. The Dow Jones Industrial Average (DJINDICES: ^DJI) didn't manage to claw its way back entirely to where it started Wednesday, but the Dow, the S&P 500 (SNPINDEX: ^GSPC), and the Nasdaq Composite (NASDAQINDEX: ^IXIC) all soaked up a lot of the red ink they spilled early on.
Investors are starting to realize that the stock market looks bifurcated right now. That's clear in how different stocks are reacting to earnings results. Target (NYSE: TGT) and Cisco Systems (NASDAQ: CSCO) both released their latest financial reports on Wednesday, but their stocks have moved in different directions.
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Source Fool.com
