NEW YORK (AP) — The latest on developments in global financial markets (all times local):

4:00 p.m.

Stocks are closing mostly lower on Wall Street, led by declines in phone companies, health care and energy stocks.

Verizon fell 2 percent Friday, the biggest drop in the Dow Jones industrial average. AT&T lost 3 percent following reports that the company was considering a deal to acquire the media conglomerate Time Warner.

Oil and gas stocks also took some losses. Southwestern Energy fell 8 percent. Among health care companies, Cerner sank 5.4 percent.

The Dow fell 16 points, or 0.1 percent, to 18,145.

The Standard & Poor's 500 index fell a fraction to 2,141. The Nasdaq composite gained 15 points, or 0.3 percent, to 5,257.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.74 percent.