Market Close Wrap-up — February 3, 2010: Cisco Systems (NASDAQ:CSCO), Akamai (NASDAQ:AKAM)
The major US equity indices closed mixed on Wednesday after a report about growth in the nation’s service businesses from the Institute for Supply Management fell short of expectations. The ISM said its index of service activity rose to 50.5, up from 40.8, but just below economists expectations of a rise to 51. ADP reported that employers cut 22000 non-farm, private jobs last month, which was the best showing since employment started to weaken in February 2008. In corporate news, Cisco Systems (NASDAQ:CSCO) reported fiscal Q2 EPS of 40 cents, ex-items, ahead of the consensus estimates of 35 cents per share.Revenues for the quarter rose 8% year-over-year to $9.8 billion, topping the consensus estimates of $9.4 billion. Akamai Technologies (NASDAQ:AKAM) reported fiscal Q4 EPS of 46 cents, ex-items, ahead of the consensus estimates of 43 cents per share
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