AT&T Shares Slip; Sector Lags S&P With Fed Decision and Earnings On Deck
AT&T Inc. shares fell Monday as the stock lagged the broader market. Investors moved out of telecoms like AT&T and into tech names before the Federal Reserve’s latest rate decision. AT&T lost 29 cents, or 1.23%, closing at $23.29, with a $23.31 indication for early Tuesday, according to Google Finance. Verizon shares dropped 2.16%. The S&P 500 rose 1.65%, and the Dow gained 0.92%. Losses weren’t just limited to AT&T.