Market’s Big Post-Jobs Rally, and the Latest Industry Disrupted By Amazon 6/2/23
Jun 02, 2023•23 min
Episode description
The combination of a strong jobs report and the signing of the debt deal helped stocks rise to their highest level in months, with the Nasdaq at its best in over a year. But the rising tide didn’t lift all boats equally. What do you make of the divergence? Plus shares of Verizon, AT&T and T-Mobile all sinking, even as Amazon denied a report that it was looking to develop a mobile phone service. What it means for the telecom trade.