Stock Market Today, Oct. 9: Verizon Slides on SpaceX Spectrum Deal and Scotiabank Target Cut
Verizon fell 10% on Oct. 9 after SpaceX’s low-band spectrum acquisition sparked a wireless-sector rout, with peers tumbling even more steeply.
Why it matters — The spectrum deal coincided with a sharp decline in Verizon shares, making it relevant to VZ watchers.