The Dow Jones industrial average lost
81 points, or 0.5 percent, to 15,882. The Nasdaq composite fell 16 points, or
0.4 percent, to 4,185.
Cisco Systems fell 4 percent after the
network equipment maker reported that weaker revenue and charges weighed down
its second-quarter earnings.
Comcast fell 3 percent after it agreed to buy Time Warner Cable for $45.2 billion in stock. Time Warner Cable jumped 7
percent on the news. The deal would combine the top two cable TV companies in
the United States.