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06-11	Japan's Nikkei rises on US stocks, heavyweight chip shares	RE
06-11	South Korean shares track Wall Street higher; monetary events in focus	RE

Stocks slip on telecoms but energy shares up

January 05, 2009 at 04:12 pm

MarketScreener.com By

Stocks slip on telecoms but energy shares up

NEW YORK (Reuters) - Stocks fell on Monday as investors booked profits after last week's run-up, while concerns about slowing cell phone sales hit shares of the biggest telecommunications companies.

* AT&T and Verizon drag Dow on fears about wireless growth. S&P telecom services index <.GSPL> fell 3.9 percent.

* Energy stocks gained as crude oil settled more than 5 percent higher on supply fears.

* Apple , up 4.2 percent, was among the largest gainers on the Nasdaq.

* The Dow Jones industrial average <.DJI> slid 81.80 points, or 0.91 percent, at 8,952.89. The S&P 500 index <.SPX> fell 4.34 points, or 0.47 percent, at 927.46. The Nasdaq Composite Index <.IXIC> shed 4.18 points, or 0.26 percent, at 1,628.03.

(Reporting by Rodrigo Campos; Editing by Leslie Adler)

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