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AST SpaceMobile stock soars with FCC approval

Satellite stocks fell more than 7% over global market concerns

Madeline DurrettbyMadeline Durrett
August 5, 2024
in News, Strategy and Markets
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Global concerns for a possible U.S. recession led to a steep drop in stock value today, and connectivity stocks were not immune. The Dow Jones Industrial Average dropped 2.3% while Nasdaq reported a 3% overall drop in share value.  According to Connectivity Business News’ Composite Stock Index, which tracks the daily stock performance of public […]

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Tags: AST SpaceMobileEchoStarFederal Communications Commission (FCC)NasdaqPremiumRedwireSESViasat
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