Telecommunication Stocks Retreat On Weak U.S. Economical Data
American capital - Telecommunications stock mostly struck down in Tuesday trades after a key economical report on the U.S. service sector exhibitted a sharp muscle contraction. AT&T Inc. and Verizon Communications Inc. , both components of the Dow Jones industrial average, struck down between 2% and 3% in value. Big equipment makers such as Nokia Corp. , Ericsson LM and Motorola Inc. struck down by alike amounts.