Why AT&T Stock Slumped Today
AT&T(US:T) The Motley Foolยท2024-02-22 22:07A widespread and hours-long outage dinged the reputation and the stock price of incumbent telecom company AT&T (T -2.41%) on Thursday. Like the outage itself the damage was contained; still, investors traded out of the stock, and it closed the day more than 2% lower. That compared unfavorably to the trajectory of the S&P 500 index, which rose at roughly the same percentage rate.Outages remain a mysteryAT&T's wireless outage began around 3:30 a.m. ET on Thursday and affected people in cities throughout the U ...