US STOCKS-Wall Street cedes ground after mixed bag of earnings
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* Travelers biggest drag on Dow after results
* Verizon drops as striking workers hit profits
* Alphabet, Microsoft, Starbucks, Visa down after the bell
* Indexes down: Dow 0.63 pct, S&P 0.52 pct, Nasdaq 0.05 pct
By Noel Randewich
April 21 (Reuters) - Wall Street suffered its first loss in four sessions on Thursday after a mixed bag of quarterly reports and a warning by Verizon Communications that a strike by workers would likely impact its bottom line.
The benchmark S&P 500 index in recent days had rallied to within 1 percent of its May record high, buoyed by a softer dollar and recovering crude prices. But investors had little patience for quarterly scorecards failing to meet already toned-down expectations.
"Earnings have been decent, outperforming, but outperforming expectations that have been dramatically lowered," said Charlie Johnson, a sales trader at Greentree Brokerage Services in Philadelphia. "So it's like a shell game." Continuación...