Why Verizon Stock Dropped 3.3% on Friday

Shares of Verizon (NYSE: VZ) fell as much as 3.3% in trading on Friday as the market faces pressure from the continued increase in interest rates. At 3:30 p.m. ET, shares were down 1.1%, still well behind the S&P 500's gain of 1.3% for the day.

Verizon continues to battle rising interest rates, and the U.S. 10-year government bond yield was up 6 basis points to 4.78% today. This continues a long streak of increases, not only this week, but also over the past year.

Source Fool.com

Verizon Communications Inc. Aktie

Heute muss Verizon Communications Inc. einen kleinen Kursanstieg von 0,26 % verzeichnen.
Die Community bevorzugt klar Verizon Communications Inc. mit vielen Buy- und nur wenigen Sell-Einschätzungen.
Das Community-Kursziel von 41 € für Verizon Communications Inc. deutet auf ein leicht positives Wachstumspotenzial gegenüber 38.11 € hin.

Like: 0

Teilen