Dow Slips 6 Ahead of Earnings Reports

Telecoms fall after FCC OKs internet calls on smartphones
By Nick McMaster,  Newser Staff
Posted Oct 7, 2009 3:15 PM CDT
Specialist Evan Solomon, left, opens trading in Banco Santander on the floor of the New York Stock Exchange marking the company's IPO, Wednesday, Oct. 7, 2009.   (AP Photo/Richard Drew)
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(Newser) – Stocks ended mixed as traders await the beginning of the third-quarter earnings season, which kicks off with Alcoa’s report later today. Telecoms fell after the FCC chair said he would allow Internet-based phone calls on smartphones. AT&T was down 3.6%, while Verizon fell 2.7%. Amid light volume, the Dow fell 6 points to 9,725, the Nasdaq gained 7, settling at 2,110, and the S&P 500 added 3 points, closing at 1,058, reports the Wall Street Journal.