Shares of Verizon Communications Inc.
shed 1.09% to $56.50 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index
falling 2.45% to 3,829.34 and Dow Jones Industrial Average
falling 1.75% to 31,402.01. The stock’s fall snapped a two-day winning streak. Verizon Communications Inc. closed $5.45 below its 52-week high ($61.95), which the company achieved on December 2nd.
Despite its losses, the stock outperformed some of its competitors Thursday, as Apple Inc.
fell 3.48% to $120.99, Alphabet Inc. Cl A
fell 3.26% to $2,015.95, and AT&T Inc.
fell 2.55% to $28.63.true Trading volume (24.1 M) eclipsed its 50-day average volume of 19.0 M.