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MARKETS LIVE BLOG:

STOCKS SHED GAINS, TESLA SURGES DAY AFTER EARNINGS

Tesla shares jump after EV maker vows to speed up launch of more affordable models

Dish drops on concern that its wireless spectrum will lose value after Sprint-T-Mobile tie-up

Ari Levy

Dish's stock has been propped up by the possibility that a major wireless carrier will have financial interest in the company's vast wireless spectrum portfolio. Dish also announced on Monday that it's acquiring satellite assets from EchoStar for about $800 million. Dish DISH shares dropped 6% on Monday after the Sprint S -T-Mobile TMUS deal moved a step closer to regulatory approval, making it less likely that Dish will find a partner to help build out its wireless spectrum.

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