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Stocks slip on telecoms but energy shares up


    NEW YORK (Reuters) - Stocks fell on 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.

    * AT&T and Verizon drag Dow on fears about wireless growth. S&P telecom services index fell 3.9 percent.

    * Energy stocks gained as crude oil settled more than 5 percent higher on supply fears.

    * Apple , up 4.2 percent, was among the largest gainers on the Nasdaq.

    * 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.

    (Reporting by Rodrigo Campos; Editing by Leslie Adler)