DirecTV owner AT&T (New york stock exchange: T) considered around the S&P 500 probably the most, tumbling 6.1 % following the No. 2 U.S. wireless carrier stated it lost 90,000 U.S. video subscribers within the third quarter because of intense competition and also the impact of latest hurricanes. Related stocks also fell, including Comcast (NASDAQ: CMCSA), lower 3.9 %.
Evolving issues outnumbered declining ones around the New york stock exchange with a 1.11-to-1 ratio on Nasdaq, single.38-to-1 ratio favored decliners.
(Additional reporting by Sruthi Shankar in Bengaluru Editing by Sriraj Kalluvila and James Dalgleish)
By Caroline Valetkevitch
JPMorgan shares eased .9 % and Citigroup fell 3.4 %, which makes them one of the greatest drags around the S&P 500, using the S&P financials index <.SPSY> ending lower .7 %. Their results began the quarterly reporting period and will also be adopted by reports on Friday from Bank of the usa (New york stock exchange: BAC) and Wells Fargo (New york stock exchange: WFC).
“People got a bit spoiled through the excellent advances we had in the foremost and second quarter, but bear in mind that earnings began perking in the 3rd quarter of this past year therefore the year-over-year comparisons may not look as robust,” stated John Carey, portfolio manager at Pioneer Investment Management in Boston.