US Stocks Post Biggest Drop In Almost Two Years

The video discusses a challenging day in the stock market, with major indices like the S&P 500 and NASDAQ experiencing significant declines. Tech giants such as Apple and Amazon also saw substantial losses. Despite lower yields on the 10-year treasury, the market did not benefit, as investors sought safety in treasuries. Bitcoin fell below $30,000, continuing its downward trend. Target's earnings missed expectations, with profit outlooks cut due to higher freight costs and inventory levels, mirroring Walmart's struggles. Cisco's stock plunged after hours due to supply chain issues, COVID lockdowns in China, the Russia-Ukraine conflict, and inflation concerns.

Discuss the overall market sentiment based on the performance of big tech stocks today.

What challenges did Cisco face that affected its stock performance?