Verizon Communications Inc.
(NYSE:VZ) stock fell Tuesday after the telecom giant exited the Dow Jones Industrial Average and unveiled a new international joint venture with BT Group Plc (OTC:BTGOF) that will result in significant charges.
Dow Exit, JV Costs Pressure Verizon Stock Verizon officially began trading outside the Dow Jones Industrial Average after being replaced by Alphabet Inc.
(NASDAQ:GOOGL).
The change prompted selling by index-tracking funds and exchange-traded funds that replicate the benchmark, adding pressure to the stock.
