Telecom stocks have made a sudden swing higher

Telecom stocks have made a sudden swing higher. Collectively, they are now at their best level of the day, sporting a 0.3% gain, which makes them the best performing sector of the session. The move by telecom comes as integrated plays AT&T (T 29.26, +0.10) and Verizon (VZ 37.49, +0.28) garner support after finishing trade on Friday at weekly lows. Last week each company posted earnings that came short of the consensus.

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