Stock futures higher, dollar slides as markets debate 'Fed Put'; Week Ahead: Fed's inflation fight in focus, earnings near close; WMware shares surge as Broadcom eyes potential $50 billion takeover; Apple reportedly looking to expand production outside of china and Zoom shares edge higher ahead of Q1 earnings.

Cisco stock is slumping after its earnings report disappointed investors. The stock is in no man's land. Time to check the chart.

Shares of computer-networking-products giant Cisco stumbled after signs of weakness appeared in its latest earnings report.

Wall Street saw no relief Thursday as stocks fell again, although in far less dramatic fashion than the previous session.

"These lockdowns resulted in an even more severe shortage of certain critical components," said CEO Chuck Robbins. "This in turn prevented us from shipping products to customers at the levels we originally anticipated heading into Q3."

"Supply chain challenges and persistent delays significantly limited the brand's responsive abilities" to changing consumer trends, CEO Sonia Syngal told investors Thursday.

"We believe the slowdown was caused by the spending pressure our consumers felt from higher gas prices and broader inflation," said CEO Bruce Thorn.

Costco took in $984 million in new membership fee in its fiscal third quarter, helping the bulk retailer top Street forecasts for topline revenues.