AT&T shares are trading lower. Weakness may be due to rising Treasury yields, which could drive a rotation out of dividend stocks.
Portfolio Pulse from Bill Haddad
AT&T shares are trading lower due to potential rotation out of dividend stocks caused by rising Treasury yields.

October 06, 2023 | 2:57 pm
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AT&T's stock price is falling due to the potential impact of rising Treasury yields, which could lead investors to rotate out of dividend stocks.
Rising Treasury yields can make dividend stocks like AT&T less attractive to investors. This is because as yields rise, the relative return of dividend stocks decreases, leading investors to potentially rotate out of these stocks and into other investment opportunities. This rotation is likely causing the observed decrease in AT&T's stock price.
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IMPORTANCE 80
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