MARKET PULSE-AT&T, Herbalife, Vanda Pharma, Sprint Corp, Mattel
(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks fell on Monday, with the S&P 500 hitting its lowest level in almost three months after data showed the factory sector in the world's largest economy expanded in January at a far weaker pace than expected. The Dow Jones industrial average was down 1.61 percent at 15,446.82, the S&P 500 was down 1.90 percent at 1,748.73 and the Nasdaq Composite was down 2.47 percent at 4,002.574.
** AT&T INC, $32.1, -3.66 pct
** T-MOBILE US INC, $30.09, -1.57 pct
** VERIZON COMMUNICATIONS INC, $46.63, -2.89 pct
AT&T's plan to cut prices on its large shared data plans is aimed at winning customers in an increasingly fierce competition with rivals such as T-Mobile US and could force larger rival Verizon to offer new discounts, analysts said.
** SPRINT CORP, $7.96, -3.75 pct
The company's Chairman Masayoshi Son is slated to meet with Federal Communications Commission Chairman Tom Wheeler on Monday, an FCC official said, as the No. 3 U.S. wireless provider mulls a potential bid for smaller rival T-Mobile US Inc . Continued...