In the latest trading session, Cisco Systems (CSCO) closed at $42.64, marking a -0.56% move from the previous day.
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The stock market is swooning these days. The Dow Jones Industrial Average (DJINDICES: ^DJI) market index is down 13% year to date as investors weigh the long-term impact of the government's various measures to slow down surging inflation. For example, Walt Disney (NYSE: DIS) is down 38%, Nike (NYSE: NKE) has lost 34%, and Cisco Systems (NASDAQ: CSCO) investors have taken a 31% haircut.