Why Telecom Stocks Like AT&T and T-Mobile US Tumbled Today

One group of stocks that has been punished during this current market downturn is telecoms. On Tuesday, they got little respite, on news of remarks from a top executive at one of their incumbent companies.Many telecoms sank into the gloom that trading session, including big dogs AT&T (T -4.66%) and T-Mobile US (TMUS -3.74%); the pair closed the day down nearly 5% and 4% in price, respectively. Even associated businesses felt the pain, with networking specialist Ciena (CIEN -2.41%) losing more than 2% of its ...