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MARKETS LIVE BLOG:

S&P 500 SLIPS BELOW 5,000; NASDAQ SINKS ON NETFLIX DRAG

Fed's Goolsbee says 'It makes sense to wait' before cutting rates

Here's Why AT&T Is Rising Today

Matthew Frankel, CFP, The Motley Fool
·2 min read
Here's Why AT&T Is Rising Today

The stock market was largely flat on Thursday morning as investors anxiously awaited news on the ongoing stimulus talks, but AT&T (NYSE: T) was a big standout. Given that we're well into earnings season, it probably won't come as a surprise that AT&T's third-quarter results are the reason for that share price move. The company met expectations for adjusted earnings of $0.76 per share, but its revenue figure came in about $800 million higher than analysts had anticipated.

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