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Healthy traction in wireless business and WarnerMedia businesses help AT&T (T) to beat earnings estimates in the third quarter despite lower revenues owing to lower demand of legacy services and divestitures.
The Dow and the S&P 500 ended near an all-time high on Wednesday, lifted by the Federal Reserve's latest Beige Book report that points to a modest growth pace of the US economy, and upbeat third-quarter earnings report.
Verizon's (VZ) third-quarter 2021 results reflect healthy momentum in wireless business with increased adoption of 5G devices and premium unlimited plans as customer activities picked up pace to pre-pandemic levels.