Telecom Stock Roundup: Knowles Offers Q4 Preview, Onto's Product Launch & More Zacks.com 1/14/2021 The U.S. telecom stocks witnessed a steady downtrend over the past week as the optimism over the coronavirus vaccine rollout was tempered by the political disruptions at the Capitol Hill. The uncertainty stemming from the ruckus was further aggravated by dimming economic outlook as the pandemic situation forced more businesses to shut down, resulting in job cuts. About 140,000 job losses were reported in December — the first since April 2020 — as the outbreak showed no signs of slowing down, leaving the fragile economic recovery at risk. The emergence of the new virus strain further compounded the worries as experts opined that more studies are required to prove the efficacy of the available vaccines against the mutant.