Telecom equipment stocks traded lower at mid-day after Adtran (ADTN), which manufactures equipment for communications networks, said in a regulatory filing that its Q4 revenue may drop by a "teens" percentage sequentially. In early afternoon trading, Cisco (CSCO), Juniper (JNPR) and Tellabs (TLAB) are all well off their intra-day highs.
Bonds, shares and commodities fell sharply around the world on Thursday and the dollar rose after the U.S. Federal …