Before the opening on Friday, the stock prices of AT, Verizon, and T-Mobile all fell by about 5%. Previously, there were reports that SpaceX was in talks with cellular infrastructure companies, planning to launch a national mobile operator.
On the contrary, the performance of the tower owners was as follows: Crown Castle rose by 10.5%, American Tower rose by 7.3%, and SpaceX rose by 2%.
Prior to this, dragged down by an 8% decline in the stock price of Meta, the Nasdaq fell nearly 3% on Thursday as Meta reported cash outflows for the first time in over a decade. Dow Jones futures fell 0.84%, and S&P 500 futures fell 0.45%.
Traders currently expect that the Federal Reserve will keep interest rates unchanged next week, following comments from some officials who downplayed the necessity of raising rates. Microsoft, Alphabet, and Amazon will release their financial reports next week.
