Closing Bell: The dollar yo-yo (CSCO, NBG, XLNX, TLB, MCD, MMM)

Cisco Systems (CSCO) sold off along with the stock market today despite CEO John Chambers telling analysts that it still is targeting 12% to 17% revenue growth. Shares were down 1.5% at $23.84 late in the trading day.

National Bank of Greece SA (NBG) may not be a household name here, but it is in Greece. This was front and center after debt ratings agency downgrades on Greece's national debt. Shares were down 8.3% at $5.51 late in the trading day.

Xilinx, Inc. (XLNX) was one of the few tech winners because of raised guidance. It now sees 16% to 20% sequential revenue growth, above 6% to 10% offered before on strength across all end market categories and geographies. Shares were up 2.7% at $23.87 late in the trading day.

Talbots, Inc. (TLB) was the beneficiary of a SPAC-merger this morning, which will involve the buyout of a majority holder and a reworking of its balance sheet. Shares were up 13% at $8.18 late in the trading day.

3M Company (MMM) held up much better than expected on its recent earnings warning from this morning. Shares were down only 1.1% at $77.01 late in the trading day. It could have been worse.

McDonald's (MCD) just had poor numbers all around. While there were same-store sales gains, the North America figures are bad all the way around. Fewer drivers into work is translating into lower traffic at normal peak times. Shares were down 2.2% at $60.57 late in the day.