NEW YORK, Feb 9 (AFP) - Wall Street ended on a low note Wednesday with shares dragged down by a lukewarm outlook from computer networking giant Cisco Systems, although Hewlett Packard's stock bucked the downward trend following the announcement it had ousted chief executive Carly Fiorina.
The Dow Jones Industrial Average fell 60.52 points (0.56 percent) to 10,664.11 while the tech-laden Nasdaq composite shed 34.13 points (1.64 percent) to 2,052.55 shortly after the closing bell.
The broad market Standard and Poor's 500 index dropped 10.31 points, (0.86 percent), to 1,191.99.
Traders said Cisco's latest quarterly earnings statement Tuesday had given the market some pause. The networking giant said its second fiscal quarter to January 31 net profit nearly doubled from a year ago to 1.4 billion dollars as sales grew more than 12 percent.
Hewlett-Packard, meanwhile, saw its shares rise after the company ousted its chief executive officer Carly Fiorina, who had been at odds with HP's board in recent months.
The company's chief financial officer, Robert Wayman, was named interim chief executive.
Oil prices, which had earlier pressured shares, closed little changed at 45.46 dollars a barrel in New York.
02/09/2005 21:09 GMT - AFP