Stock Market Update
02-Jun-26 14:30 ET
S&P 500 ticks higher as AI names GLW, CIEN, and SMCI rally while TTD slides on CFO change
Dow +222.21
at 51301.09,
Nasdaq -26.18
at 27081.63,
S&P +5.47
at 7605.43
[BRIEFING.COM] The S&P 500 (+0.07%) is in second place this afternoon, up about 5 points.
Briefly, S&P 500 constituents Corning (GLW 199.74, +23.04, +13.04%), Ciena (CIEN 620.88, +51.27, +9.00%), and Super Micro Computer (SMCI 50.03, +3.15, +6.72%) pepper the top of the average. CIEN taps 25-year highs today after B. Riley Securities upped their target on the stock to $531 (from $283) ahead of Thursday's earnings report, while SMCI rises after unveiling new AI-focused rack-scale systems with Arm CPUs and highlighting collaboration with AMD on next-generation Helios platforms, reinforcing its positioning in high-demand AI infrastructure markets.
Meanwhile, The Trade Desk (TTD 21.09, -2.13, -9.17%) holds the steepest losses after announcing a new CFO appointment, as investors viewed the leadership change and transition period as adding near-term uncertainty despite no change to fundamentals.
