Why Verizon Stock Fell 6% in the First Half of the Year
The Motley Fool
JULY 11, 2023
What happened Shares of Verizon (NYSE: VZ) were lagging the market once again in the first half of the year as a combination of underwhelming quarterly results, rising interest rates that make short-term bond yields more competitive, and a surge in tech stocks from interest in artificial intelligence all left the telecom stock in the dust. According to data from S&P Global Market Intelligence , the stock fell 6% in the first six months of the year, significantly underperforming the S&P 5
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