S&P 500 Backs Off on Weak Telecom Stocks Despite Strong Retail Earnings

May 18, 2021

U.S. stocks ended lower on Tuesday as a sharp decline in telecom stocks and weak housing starts data overshadowed better-than-expected earnings from Walmart and Home Depot.AT&T Inc was among the biggest percentage decliners in the benchmark S&P 500. It extended declines…

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