U.S. Stocks Retreat as Cisco Drops on Nasdaq

U.S. stocks declined comment Thursday, while pessimistic about the economic systems of technology companies Cisco and retailer Kohl's Corp. doubt on the soundness of the U.S. recovery.

Cisco warnings on the labor market remains weak, and Kohl's, said that he was not convinced of the recovery was at hand to underline the pessimism of investors by fears of default on sovereign debt in the euro zone alreadly shaken. Cisco fell by 4.5 percent to $ US25.53 and Kohl lost 5.8 percent to $ US53.81.

The Dow's other top decliners included American Express, down 1.29, or 2.9%, to 42.81; Intel (Nasdaq), down 59 cents, or 2.6%, to 22.50, and General Electric, down 39 cents, or 2.1%, to 18.05. Just one Dow component ended in the black: Alcoa, up 34 cents, or 2.7%, to 12.80.

The Nasdaq Composite fell 30.66 points, or 1.26%, to 2394.36. The S&P 500 fell 14.23, or 1.21%, to 1157.44.