AT&T stock price slips into Presidents Day break as Fed minutes loom
AT&T shares closed down 0.4% at $28.69 Friday, trimming gains from earlier in the week as traders positioned ahead of the Presidents Day holiday. Verizon fell 0.9% while T-Mobile rose 2.3%. Cooler January inflation data pushed Treasury yields lower, reviving rate-cut bets. AT&T recently completed a $5.75 billion deal for Lumen’s fiber business, adding over 1 million fiber subscribers.