Cisco stock dips after Supreme Court takes Falun Gong lawsuit; earnings date in focus
The U.S. Supreme Court will hear Cisco’s appeal in a lawsuit alleging it aided China’s crackdown on Falun Gong. Cisco shares fell 0.1% to $73.88 Friday, underperforming a record-setting S&P 500. The case tests whether U.S. firms can face lawsuits at home for alleged human rights abuses abroad. Investors await next week’s inflation data and Cisco’s Feb. 11 earnings call.