AT&T stock rose 1.6% on news of Verizon’s strong Q2 results. Verizon beat market expectations with $1.22 EPS on $34.5 billion revenue, showing 5% growth. Investors see Verizon’s performance as a positive signal for AT&T, which reports earnings tomorrow. Analysts expect AT&T to post $0.51 EPS on $30.53 billion revenue.

Read more at Yahoo Finance: Why AT&T Stock Jumped Today