Shares of telecommunications companies rose as investors rotated back into sectors that fare the best when interest rates are falling.
Verizon and AT&T may feel pressure from the "wireless wars," as price-cutting for subscribers eats into earnings, said analysts at Morgan Stanley, in a research note. Still, shares of Verizon could "benefit from any agreed merger between T-Mobile US and Sprint primarily on the hope that the industry could become more rational," said the Morgan Stanley analysts.
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-By Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
June 26, 2017 18:13 ET (22:13 GMT)