Stock Market Today, Oct. 21: AT&T Beats Earnings on Strong Fiber Growth, Raises 2026 Profit Outlook
AT&T (NYSE:T), a U.S. telecom carrier, closed at $21.91, down 6.45%. Premarket results beat estimates, but investors are weighing higher spending needs and SpaceX competition. Investors are watching free-cash-flow targets and the raised 2026 profit outlook.
Trading volume reached 82.7 million shares, coming in well above its three-month average of 45.9 million shares.
S&P 500 (SNPINDEX:^GSPC) rose 0.59% to 7,758, while the Nasdaq Composite (NASDAQINDEX:^IXIC) gained 1.05% to 26,703. Among integrated telecommunications services; wireless, broadband, and enterprise connectivity peers, Verizon Communications closed at $43.56, down 2.20%, and T-Mobile U.S. finished at $153.75, down 2.54% as sector rivals tracked AT&T’s post-earnings pressure.
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