|
|
Article: UNited States : US Stocks Mixed; Telecommunication Shares Weigh, Others Steady.
- Article from:
- TendersInfo
- Article date:
- October 9, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
A slump in telecommunications stocks weighed on the broader U.S. stock market Wednesday, though other sectors held steady ahead of the coming wave of corporate profit reports.
Major indexes have hovered in a tight range since the opening bell. The Dow Jones Industrial Average was recently off 36 points, or 0.4%, at 9695.35.
Alcoa was up 0.5% ahead of its earnings report due after the close, marking the symbolic start of the third-quarter earnings season. AT&T slid 1.7% after it said that it would allow Internet phone applications like Skype on the iPhone, a device made by Apple for which AT&T has an exclusive contract to provide traditional cell-phone ...