Verizon's regulatory approval for the $9.6B Frontier deal strengthens its fiber expansion, improving long-term fundamentals. However, today's stock slide amid a rising market suggests short-term technical weakness.

Market sentiment is mixed as Verizon's outage-related credit and regulatory wins compete with broader market underperformance. The stock's slide despite positive news hints at cautious investor sentiment.

The Frontier deal reduces execution risk but integration challenges and high debt levels remain long-term concerns. Regulatory clarity is positive, but competitive pressures in telecom persist.

VZ's RSI and MACD show bearish divergence despite regulatory tailwinds, suggesting weak momentum. Volume spikes on negative price action reinforce short-term downside risk.