What's Going On With AT&T Stock?
Portfolio Pulse from Henry Khederian
AT&T Inc (NYSE:T) shares are trading lower by 2.7% amid overall market weakness, driven by a selloff in tech stocks and concerns over an economic slowdown. The company's significant debt load and sensitivity to interest rate changes are contributing factors to the decline.
August 05, 2024 | 7:49 pm
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AT&T shares are down 2.7% due to market weakness and economic slowdown concerns. The company's high debt load and sensitivity to interest rate changes are key factors.
AT&T's significant debt load makes it vulnerable during times of market uncertainty and rising interest rates. The recent economic data and speculation about Federal Reserve actions have increased investor risk aversion, leading to a selloff in AT&T shares.
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