Quarterly earnings expected Wednesday from Cisco (NasdaqGS: CSCO) will set the tone in ETFs tracking technology and Nasdaq-listed stocks the rest of the week. Cisco is slated to announce fiscal third-quarter results after the closing bell. Wall Street analysts are looking for earnings of 37 cents a share, on average. [Cisco to Set Pace in Tech, Nasdaq ETFs]
Energy ETFs were the worst-performing sector on Wednesday as top components Exxon Mobil (NYSE: XOM) and Chevron (NYSE: CVX) both slipped more than 1% in morning action. [Energy ETFs Fall]
Semiconductor ETFs bucked the overall market’s downtrend on Wednesday as a dividend hike from Intel (NasdaqGS: INTC) stoked enthusiasm for the sector. [Intel Dividend Fires up Semiconductor ETFs]
Telecom ETFs have been along for the ride in Level 3 Communications (NasdaqGS: LVLT) shares as the sector ETFs have gained more than 2% this week and were rising Wednesday in the face of a down market. [Telecom ETFs Ride Level 3 Rally]
Gregory A. Clay contributed to this article.