AT&T, Inc. (T)

AT&T Inc. Stock (T) dropped by 2.80% from $15.38 to $14.95 in the trading on Monday October 23, 2023. The reason why T stock down today is due to the effect from increasing yield. Weakness might be due to the U.S. 10-year Treasury yield crossing 5%, which could drive a rotation out of dividend-paying stocks. It seemed to weigh on the stock as did the broader market sell-off, causing ZI stock down today.