NEW YORK – Shares of some top telecom companies are down at 10 a.m.:
AT&T Inc. fell $.64 or 1.8 percent, to $35.24.
Verizon Communications Inc. fell $.01 or percent, to $50.90.
The Nasdaq Composite crossed the 5000 mark for the first time in 2000, the height of the dot com bubble. Meanwhile, the broader U.S. averages also had a strong showing, with the Dow and S&P 500 setting new closing highs.