[U.S. Stock Market Opens with Broad Gains Across Major Indices, Cisco Drops 7.9% Post-Earnings] BlockBeats News, August 13, according to BIT (bit.com) market data, the U.S. stock market opened with the Dow Jones Industrial Average up 0.26%, the S&P 500 Index up 0.29%, and the Nasdaq Composite Index up 0.12%. Cisco (CSCO.O) fell 7.9% despite exceeding earnings expectations, as the results still failed to satisfy the market. The company's fiscal year 2027 sales guidance surpassed market expectations, with fourth-quarter revenue reaching $17.3 billion compared to the market estimate of $16.85 billion. Cisco projects adjusted earnings per share for fiscal year 2027 to be between $5.05 and $5.11, exceeding the market forecast of $4.84. In the fourth quarter, Cisco received $4 billion in AI-related orders from hyperscale cloud service providers.