Verizon skidded Friday after missing earnings views and lowering full-year guidance. That followed AT&T’s warning about lower free cash flow, and changing consumer behaviors.
The market is trading lower Friday following Verizon’s miss and bad news from SnapChat (SNAP), which caused fears about slowing ad revenue.
So far, the S&P 500 is holding above its mid-June low, but are more profit warnings ahead? Can the market hold its nascent uptrend?