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Stock Market Today, June 29: Verizon Drops After Dow Removal and BT Group Joint Venture Drives Heavy Selling

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Verizon closed at $44.08, down 5.30% after being removed from the Dow Jones Industrial Average last week. The decline also followed the company’s announcement of a new joint venture with BT Group. The move appears more sentiment- and index-flow-driven than fundamentally driven.

Analysis

Verizon closed at $44.08, down 5.30% after being removed from the Dow Jones Industrial Average last week. The decline also followed the company’s announcement of a new joint venture with BT Group. The move appears more sentiment- and index-flow-driven than fundamentally driven.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.25

Ticker Sentiment

VZ-0.35

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