AT&T Earnings Boost Telecom ETFs
April 20, 2011 at 08:17 AM EDT
Exchange traded funds (ETFs) that invest in telecommunications stocks rose Wednesday after AT&T (NYSE: T) reported quarterly earnings that topped analyst forecasts. AT&T’s net income rose in the quarter after the company lost exclusive rights to offer Apple’s (NasdaqGS: AAPL) iPhone on its...