US markets fall due to big drop in telecom stocks

US markets fell on Tuesday due to big drop in telecom stocks and weak housing starts data that overshadowed better-than-expected earnings from Walmart and Home Depot.   So, the Dow Jones Industrial Average fell 267 points, or 0.8%, to 34,061, the S&P 500 lost 35 points, or 0.9%, to 4,128 and the Nasdaq Composite dropped 75 points, or 0.6%, to 13,304.   The three main indices opened higher after Walmart raised its full-year earnings forecast and Home Depot reported quarterly same-store sa...