VZ Stock down As Verizon Reportedly Plans New Round Of Layoffs
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With the increase of interest rates, T-Bonds, CD Rates, Savings go up. This causes pressure on VZ stock because many people use it as a dividend stock because it pays decent dividends (utility company). So when CD / Savings rates go up, VZ stock will go down.
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Stockisnotdownfromyesterdaywhereyougetyournews