Wall Street
Wall Street dips as telecoms slump; AmEx surges US stocks ended a choppy session on Thursday with a slight decline as investors digested the latest round of earnings, with a sharp drop in telecoms offset by gains in healthcare. Telecoms were down 2 percent, their biggest percentage decline in five weeks, as Verizon lost 2.5 percent. The company added fewer than expected wireless subscribers in the third quarter and revenue fell short of expectations. The Dow Jones industrial average fell 40.27 points, or 0.22 percent, to 18,162.35, the S&P 500 lost 2.95 points, or 0.14 percent, to 2,141.34 and the Nasdaq Composite dropped 4.58 points, or 0.09 percent, to 5,241.83
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Wall Street dips as telecoms slump; AmEx surges US stocks ended a choppy session on Thursday with a slight decline as investors digested the latest round of earnings, with a sharp drop in telecoms offset by gains in healthcare. Telecoms were down 2 percent, their biggest percentage decline in five weeks, as Verizon lost 2.5 percent. The company added fewer than expected wireless subscribers in the third quarter and revenue fell short of expectations. The Dow Jones industrial average fell 40.27 points, or 0.22 percent, to 18,162.35, the S&P 500 lost 2.95 points, or 0.14 percent, to 2,141.34 and the Nasdaq Composite dropped 4.58 points, or 0.09 percent, to 5,241.83
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