T-Mobile stock jumps 4% as Verizon buyback talk grabs attention — what to watch next for TMUS
T-Mobile shares rose 4.2% to $197.21 Friday, outpacing a broader market drop as telecom stocks rallied. Verizon jumped 11.8% after announcing a $25 billion buyback plan and strong holiday quarter. The Dow fell 0.36%, S&P 500 lost 0.43%, and Nasdaq slid 0.94% amid inflation worries and Fed chair uncertainty. T-Mobile reports earnings on Feb. 11.