SGX:SGXL.SI 11 January 2026 - 17 January 2026

June 30, 2026, 2:57 PM EDT. Verizon Communications Inc (VZ) lost 3.07% on June 30 after being dropped from the Dow Jones Industrial Average, forcing some index funds to sell. The company revealed new multi-billion dollar restructuring and asset rationalization charges, including costs tied to its BT Group venture and headcount cuts. Investors now worry about near-term profitability and earnings quality. Meanwhile, SpaceX said it will launch satellite-to-cellular service and might work with Charter Communications, adding more pressure to Verizon's market share. The high dividend yield is attracting some buyers, but combined selling, heavy charges, and new competition are keeping market sentiment bearish. Technicals remain weak and caution dominates trading.