Fly Intel: Wall Street's Top Stories For Friday - May 31, 2019

MAJOR MOVERS: Among the notable gainers following earnings were Genesco (GCO) and Williams-Sonoma (WSM), which rose 11.7% and 13.4%, respectively.

Among the noteworthy losers were Verizon (VZ) and AT&T (T), which slipped 4.4% and 4%, respectively, following the report of Amazon's interest in Boost Mobile. However, JPMorgan analyst Philip Cusick believes Amazon is unlikely to enter the wireless market and called those selloffs in the wireless giants' stocks a buying opportunity.

INDEXES: The Dow fell 354.84, or 1.41%, to 24,815.04, the Nasdaq lost 114.57, or 1.51%, to 7,453.15, and the S&P 500 declined 36.02, or 1.29%, to 2,752.70.

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