Pursuits
U.S. Stocks Slip as Earnings Results Weigh on Phone, Tech Shares
- Verizon, EBay slump after results while AmEx shares surge
- Oil gives back some recent gains after reaching 15-month high
ECB Holds Stimulus Steady, Benchmark Rate Stays at Zero
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U.S. stocks edged lower as disappointing results from Verizon Communications Inc. to EBay Inc. overshadowed gains in health-care and American Express Co.’s best rally in seven years.
Equities wavered on a variety of influences, including corporate reports, stimulus measures from the European Central Bank, a final presidential debate before the Nov. 8 election and signs the housing market continues to bolster growth, adding to the case for higher borrowing costs. Crude fell from a 15-month high, though energy producers were little change after a stronger outlook for oil prices from the World Bank. Microsoft Corp. rallied in after-hours trading as its results beat estimates.