The Dow Jones Industrial Average was on track to close lower for the first time in five days after disappointing quarterly performances from index components Cisco Systems Inc. ( CSCO) and Walmart Stores Inc. ( WMT) . The S&P 500 and Nasdaq were also sharply lower. Cisco Systems reported a decline in quarterly profit and sales. Revenue came in slightly higher than estimates, but dropped for its seventh straight quarter in a row. Cisco's core switching and routing business fell. L Brands Inc.  ( LB) was the worst performer on the S&P following a soft outlook. The Victoria's Secret parent targets full-year profit of no more than $3.20, falling short of consensus. Alibaba Group Holding Ltd. ( BABA) rallied after a double-digit increase in quarterly sales. The company also reported 96% growth in its newer cloud computing unit, a result Alibaba said strengthened its "position beyond core commerce."

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