Cable stocks up after net neutrality unveiled

Stocks for Comcast, Time Warner Cable, Verizon and other Internet service providers all rose on the heels of news that the Federal Communications Commission would push to treat broadband Internet service like a utility.

Stock of Comcast rose more than 4 percent late on the morning of Feb 4, before sliding back down slightly. Time Warner Cable’s stock rose by a similar amount. Shares of Charter Communications increased by more than 6 percent. Stocks for Verizon, which operates both wireless service and wired broadband Internet, rose by about 1 percent after Wheeler’s announcement, before settling back down to its opening price. Shares of AT&T performed similarly.