Here Are The Latest Market Updates

Here's Your Latest Market News

Here are the latest market updates:

• CSCO rose 56% after reporting solid second-quarter results and updating guidance.
• WEB Ulta Beauty saw a significant increase of 12% in after-hours trading on the news that Warren Buffett's Berkshire Hathaway acquired a $266 million stake.

A Deeper Look at CSCO and WEB

Cisco Systems (CSCO) reported strong second-quarter results, with revenue beating estimates and earnings per share (EPS) in line with expectations. The company also raised its full-year guidance, citing strong demand for its networking and security products.

Ulta Beauty (WEB) reported a solid quarter, with revenue and EPS both exceeding estimates. The company also announced a partnership with Target to open 100 new Ulta Beauty stores within Target locations.

The positive news from CSCO and WEB contributed to a strong day for the broader market, with the S&P 500 index closing up 1% and the Nasdaq Composite index closing up 1.5%.