U.S. Stocks in Motion | All Three Major Telecom Stocks Fall; AT&T (T.US) Drops Over 5%

Zhitong Finance APP has learned that on Friday, the three major U.S. telecom stocks fell collectively, with AT&T (T.US) dropping more than 5%, T-Mobile US (TMUS.US) falling nearly 4%, and Verizon (VZ.US) down 3%. On the news front, SpaceX is seeking talks with cellular infrastructure companies, planning to leverage existing satellite networks and ground base station resources to enter the U.S. mobile communications market. Investors are concerned that once SpaceX successfully launches a nationwide wireless carrier plan, it will pose a direct threat to the subscriber base and pricing power of the three major carriers.