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TUESDAY, NOVEMBER 24, 2009
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Dow Slips 6 Ahead of Earnings Reports

Telecoms fall after FCC OKs internet calls on smartphones

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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.

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.
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)
Specialist Louis Spina works at his post on the floor of the New York Stock Exchange Wednesday, Oct. 7, 2009.
Specialist Louis Spina works at his post on the floor of the New York Stock Exchange Wednesday, Oct. 7, 2009.   (AP Photo/Richard Drew))
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Everyone appears to be expecting companies to beat consensus views. That may mean we're now being set up for a disappointment. - James Shelton, Kanaly Trust

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