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Jan. 26, 2021, 2:45 p.m. EST

Verizon stock slides as outage likely caused AWS, Google service issues in Northeast U.S.

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By Wallace Witkowski

Verizon Communications Inc. shares declined Tuesday after Amazon.com Inc.’s Amazon Web Services said connectivity issues at an external internet provider were responsible for reported outages and internet issues affecting popular services such as Alphabet Inc.’s Google products spread in the northeastern U.S.

At around 11:15 a.m. Eastern, AWS /zigman2/quotes/210331248/composite AMZN -3.24% , Google /zigman2/quotes/205453964/composite GOOG -3.05% /zigman2/quotes/202490156/composite GOOGL -3.26% services, Gmail , and Verizon /zigman2/quotes/204980236/composite VZ -1.09% all started seeing spikes in outage reports concentrated from Boston to Washington, D.C., according to Downdetector.com.

Meanwhile, on Twitter, Verizon Support’s account responded to a reported outage by indicating there was “a fiber cut in Brooklyn [N.Y.]” and that technicians were working to resolve it as soon as possible. Verizon has yet to respond to MarketWatch’s request for comment.

Verizon shares were down 3.3% at $56.48 at last check, while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.75% , of which Verizon is a component, was up 0.1%. Shares of other large internet service providers like AT&T Inc. /zigman2/quotes/203165245/composite T -2.55% and Comcast Corp. /zigman2/quotes/209472081/composite CMCSA -2.17% were up more than 1%.

Most recently, AWS’s service health dashboard said external network connectivity issues had been resolved and that “some customers experienced connectivity issues from the East Coast of the United States to AWS services” and that “All AWS services are operating normally at this time.”

Google’s workspace status dashboard showed no reports of outages at last check. “We are aware of reports regarding issues affecting access to some Google products, but have not found issues with our services,” a Google spokesperson told MarketWatch in emailed statements. “We’re continuing to investigate.”

An Amazon spokesperson pointed MarketWatch to its status blog.

/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 3,057.16
-102.37 -3.24%
Volume: 4.53M
Feb. 25, 2021 4:00p
P/E Ratio
73.22
Dividend Yield
N/A
Market Cap
$1591.03 billion
Rev. per Employee
$297,430
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/zigman2/quotes/205453964/composite
US : U.S.: Nasdaq
$ 2,031.36
-63.81 -3.05%
Volume: 1.83M
Feb. 25, 2021 4:00p
P/E Ratio
35.62
Dividend Yield
N/A
Market Cap
$1408.49 billion
Rev. per Employee
$1.35M
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/zigman2/quotes/202490156/composite
US : U.S.: Nasdaq
$ 2,015.95
-67.86 -3.26%
Volume: 2.08M
Feb. 25, 2021 4:00p
P/E Ratio
35.35
Dividend Yield
N/A
Market Cap
$1408.49 billion
Rev. per Employee
$1.35M
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/zigman2/quotes/204980236/composite
US : U.S.: NYSE
$ 56.50
-0.62 -1.09%
Volume: 24.17M
Feb. 25, 2021 4:00p
P/E Ratio
13.15
Dividend Yield
4.44%
Market Cap
$236.37 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
31,402.01
-559.85 -1.75%
Volume: 458.96M
Feb. 25, 2021 5:19p
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/zigman2/quotes/203165245/composite
US : U.S.: NYSE
$ 28.63
-0.75 -2.55%
Volume: 58.54M
Feb. 25, 2021 4:04p
P/E Ratio
N/A
Dividend Yield
7.27%
Market Cap
$209.36 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/209472081/composite
US : U.S.: Nasdaq
$ 52.24
-1.16 -2.17%
Volume: 22.60M
Feb. 25, 2021 4:00p
P/E Ratio
22.94
Dividend Yield
1.91%
Market Cap
$244.61 billion
Rev. per Employee
$616,452
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