Wall Street dips as Verizon drags; AmEx curbs losses

U.S. stocks declined modestly in a choppy session on Thursday as investors digested the latest round of earnings, with telecoms suffering a sharp drop in the wake of results from Verizon Communications. Telecoms were down 1.9 percent, on track for their biggest percentage decline in five weeks, as Verizon lost 2.7 percent. "Financials for the most part since the earnings season started have been pretty solid, but telecoms not, therefore they are dragging down the market," said Randy Frederick, m