🔴 Verizon Communications is trading 5% down in after-hours trading amid surging oil and multi-decade-high yields

Verizon Communications is trading at $44.00 (-5.08%) amid broader risk-off pressure.

• Oil surged and Treasury yields were near multi-decade highs as Middle East tensions escalated, weighing on equities including the Nasdaq and potentially pressuring dividend-oriented telecom shares.
• No clear company-specific announcement explained the after-hours decline. Verizon’s next quarterly earnings report is scheduled for October 26; its Corning fiber agreement was reported earlier this week, not as a new after-hours catalyst.