Stock Market Update
13-May-26 14:30 ET
S&P 500 rises on AI infrastructure strength led by COHR, AKAM, and GLW as ACN falls sharply
Dow -57.12
at 49703.44,
Nasdaq +381.86
at 26470.06,
S&P +57.08
at 7458.04
[BRIEFING.COM] The S&P 500 (+0.77%) is in second place on Wednesday afternoon, up about 57 points.
Briefly, S&P 500 constituents Coherent (COHR 411.20, +37.19, +9.94%), Akamai Tech (AKAM 159.29, +9.73, +6.51%), and Corning (GLW 211.00, +12.76, +6.44%) dot the top of the standings. COHR caught a BofA target increase this morning to $400 (from $365), AKAM caught a BofA upgrade to Buy (from Neutral) citing $1.8 bln cloud deal and shift toward AI infrastructure platform, while GLW rises as investors rotated back into AI and semiconductor-related infrastructure after a brief selloff, treating Corning as a leveraged beneficiary of ongoing data center and AI capex demand.
Meanwhile, Accenture (ACN 156.35, -13.42, -7.90%) is near the bottom of the average despite a dearth of corporate news.
