NEW YORK — US stocks fell 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.
The Dow Jones industrial average slid 81.80 points, or 0.91 percent, at 8,952.89. The S&P 500 index fell 4.34 points, or 0.47 percent, at 927.46. The Nasdaq Composite Index shed 4.18 points, or 0.26 percent, at 1,628.03.
AT&T and Verizon dragged the Dow down on fears about wireless growth. S&P telecom services index fell 3.9 percent.
Energy stocks gained as crude oil settled more than five percent higher on supply fears.
Apple, up 4.2 percent, was among the largest gainers on the Nasdaq.
