Verizon Communications Inc. stock outperforms market on strong trading day

Shares of Verizon Communications Inc.
VZ,
+0.81%
inched 0.81% higher to $37.40 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index
SPX,
-0.73%
falling 0.73% to 3,934.38 and Dow Jones Industrial Average
DJIA,
-0.90%
falling 0.90% to 33,476.46. Verizon Communications Inc. closed $18.11 below its 52-week high ($55.51), which the company reached on April 21st.

The stock outperformed some of its competitors Friday, as Apple Inc.
AAPL,
-0.34%
fell 0.34% to $142.16, AT&T Inc.
T,
-0.16%
fell 0.16% to $19.09, and T-Mobile US Inc.
TMUS,
-1.56%
fell 1.56% to $141.57. Trading volume (20.7 M) remained 3.3 million below its 50-day average volume of 23.9 M.