FCOM is trading at $67.22, down 1.57%, amid concerns about competition for U.S. wireless carriers from SpaceX’s reported pursuit of 80,000 cell sites.
- Verizon also fell after its October 26 results, as investors weighed revenue below expectations despite stronger earnings.
- Communication services was among the weakest sectors even as major indexes rose, pointing to sector-specific pressure rather than a broad-market selloff.