NEW YORK—Shares of telecom carriers inched higher Wednesday morning following solid first-quarter results from Embarq Corp., whose stock jumped nearly 7 percent.
Wall Street also advanced ahead of a Federal Reserve decision on interest rates.
Here is a look at how some key telecom stocks performed Wednesday morning:
AT&T Inc., rose 13 cents to $38.72.
Sprint Nextel Corp. rose 11 cents to $8.19.
Verizon Communications Inc. rose 30 cents to $38.51.
Qwest Communications International Inc. fell 5 cents to $5.10.
Embarq rose $2.66, or 6.7 percent, to $42.32.
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