Cisco-Splunk deal, Google denies reports of dropping Broadcom: Top Stocks

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Tech developer Cisco (CSCO) is set to acquire cybersecurity firm Splunk (SPLK) for $28 billion, which Cisco CFO Scott Herren calls 'such a powerful transaction for us' on the data front. Google parent company Alphabet (GOOG, GOOGL) denies speculations of a shaky relationship with chip maker Broadcom (AVGO) after a Reuters report claimed the tech giant was considering dropping the company as its primary AI chip supplier by 2027. Yahoo Finance Live's Josh Lipton and Akiko Fujita take a look at several trending stocks ahead of Thursday's closing bell. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

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NEW YORK — Wall Street is tumbling again Thursday in an ugly day for stocks worldwide on expectations that U.S. interest rates will stay high well into next year. The S&P 500 was 1.4% lower in late trading. That follows a similar drop from Wednesday after the Federal Reserve indicated it may cut interest rates next year by just half what it earlier predicted.

 

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