VZ is trading 4.3% down today at $42.22 as investors react to the stock's removal from the Dow Jones Industrial Average and reports of a significant Q2 charge.
- The stock has been under pressure since Alphabet replaced the company in the Dow on June 29, triggering mandatory index-related selling.
- Fundamental concerns are weighing on sentiment following expectations of a $700–$800 million Q2 loss tied to its joint venture with BT.