US STOCKS-S&P 500 down slightly as telecom weakness offsets strong retail earnings ...Middle East

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US STOCKS-S&P 500 down slightly as telecom weakness offsets strong retail earnings
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The S&P 500 declined slightly on Tuesday after major retailers including Walmart and Home Depot posted better-than-expected earnings alongside a sharp decline in telecom stocks and weak housing starts data. AT&T Inc shed 5.76%, the top drag on the benchmark S&P 500, as it extended declines from Monday, when the telecoms firm said it would cut its dividend payout ratio as a result of its $43 billion media asset deal with Discovery Inc.

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