Dish stock tumbles to lead S&P 500 decliners
Shares of Dish Network Corp. (DISH) were declining again Friday, down about 12% in afternoon action to pace S&P 500 laggards. The shares fell 4.5% in Thursday's session. The New York Post reported late Thursday that the company was looking to shed assets in a bid to meet its commitment to reaching 70% of the U.S. with its 5G network by the end of June. The report discussed skepticism about the company's ability to sell enough assets to make a difference. Separately, Dish announced Friday morning that it would be offering its new Infinite Unlimited+ wireless subscription for $50 a month.
-Emily Bary
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06-09-23 1438ET
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