The telecommunications sector fell heavily on Tuesday, as Verizon Communications Inc. (NYSE: VZ) warned that fourth-quarter profit may take a dive on price wars in its wireless business.
This news sent shares of Verizon down more than 4 percent, and also impacted the stock price of competitors AT&T Inc. (NYSE: T) and Sprint Corporation (NYSE: S).
This recent news was also felt throughout the numerous ETFs that offer diversified access to these voice and data companies.
Vanguard Telecommunication Services
The Vanguard Telecommunication Services ETF (NYSE: VOX) is the largest ETF dedicated to this industry with over $800 ...
/www.benzinga.com/etfs/sector-etfs/14/12/5068056/2-telecommunications-etfs-respond-to-industry-price-wars alt=2 Telecommunications ETFs Respond To Industry Price Wars>Full story available on Benzinga.com
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