From Seekingalpha · Bespoke Investment Group · · 50s
Telecoms Drop Worst in Two Years
Telecoms hit second-worst single-day decline since 1990 as satellite cellular threats loom.
In brief
Telecoms hit second-worst single-day decline since 1990 as satellite cellular threats loom. The S&P 500 Telecom industry group dropped to its lowest level in over two years due to satellite cellular disruption risks. Originally reported by Seekingalpha.
Telecoms Group Drops
The S&P 500 Telecom industry group saw its second-biggest one-day drop last Friday due to satellite cellular disruption threats.
Lowest Levels in Two Years
Its latest drop has left it at the lowest levels in over two years, the second worst single day decline since at least 1990.
Market Shift in Decade
In the past decade, TMUS went from lagging by $200 bn in market cap to becoming the largest telecom provider in the first half of the 2020s.
What matters most
The S&P 500 Telecom industry group dropped to its lowest level in over two years due to satellite cellular disruption risks.
