Shares of telecommunications companies rose amid optimism ahead of earnings season.
Weakness in demand for Apple's iPhone 8 smartphone could take the pressure off carriers AT&T, Verizon, T-Mobile US and Sprint, who would otherwise spend their earnings calls talking about price cuts to lure the smartphone buyers, according to an analyst at brokerage BTIG Research.
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(END) Dow Jones Newswires
October 10, 2017 16:38 ET (20:38 GMT)