Telecom, Financial Stocks Eye Moves By Fed, China Oil

By | August 24, 2015

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Shares in phone companies AT&T (T) and Verizon Communications (VZ) edged down on “Black Monday” amid a sell-off in technology and momentum stocks as some analysts said that high-paying dividend stocks may be a safe haven near-term for investors. The S&P 500 telecom services index fell nearly 8% early before rebounding to trade down about 1% from Friday’s close in the stock market today; meanwhile, the S&P information technology index fell almost Scalper1 News

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