Stocks on Wall Street ended flat Monday, weighed down by losses in healthcare and tech stocks. The Dow barely managed to post gains for the fourth straight day, but the S&P 500 and Nasdaq finished below the flatline.

Crossmark Global Investments chief market strategist, Victoria Fernandez:

SOUNDBITE: CROSSMARK GLOBAL INVESTMENTS CHIEF MARKET STRATEGIST, VICTORIA FERNANDEZ (ENGLISH) SAYING:

“We have seen a lot of headlines today come in and really move the market. We had the attorneys general for the states come out and talk about the Google issue that they’re going to have. Facebook is already in the same situation. So we saw tech names take a hit. Even Microsoft came down a little bit.”

AT&T led the charge among telecom stocks. Billionaire Paul Singer’s hedge fund, Elliott Management, disclosed a $3.2 billion stake. It questioned the wireless carrier’s $85 billion takeover of Time Warner and called on AT&T to sell non-core businesses to boost its stock price.

Boeing shares fell. The plane maker suspended load testing of its new widebody 777X jet over the weekend. The Seattle Times reported a cargo door exploded during a high-pressure stress test on the ground.

Amgen shares dropped. Analysts questioned the data on the drugmaker’s experimental lung cancer treatment.

source https://news.yahoo.com/wall-street-ends-flat-203049952.html?.tsrc=rss