Cisco's 0.57% Drop and $760M Volume Slump Rank It 152th in U.S. Trading

Cisco Systems (CSCO) closed on October 3, 2025, with a 0.57% decline, trading at a volume of $760 million, a 29.59% drop from the previous day's activity. The stock ranked 152nd in terms of trading volume among U.S. equities, indicating subdued investor interest in the network infrastructure provider.

Recent market dynamics suggest a bearish sentiment toward Cisco's valuation as technical indicators show weakening momentum. The decline in trading volume, coupled with a negative price movement, aligns with broader market caution toward large-cap technology stocks amid evolving macroeconomic uncertainties. Analysts note that earnings expectations and capital expenditure trends in the enterprise sector remain critical near-term drivers for the stock.

To run this back-test cleanly I need to pin down a few practical details: 1. Universe • Do you want to rank the entire U.S. stock universe (NYSE + NASDAQ + AMEX), or a narrower list (e.g., only S&P 500 constituents)? 2. Portfolio construction • Equal-weight all 500 names each day? • Any transaction-cost assumption (commission or bid/ask spread)? • Slippage needs (or assume fills at next-day open)? 3. Rebalancing mechanics • At every close we form the list, then buy at next-day open and exit at that day’s close (1-day holding period)? • Or buy and sell both at the same day’s close (close-to-close return)? Once I have those details I can generate the daily trade list and run the test from 2022-01-01 through today.