Stock Market Update
08-Sep-26 12:35 ET
Optical stocks move higher
Dow -584.36
at 52829.89,
Nasdaq -54.82
at 26473.22,
S&P -30.22
at 7688.38
[BRIEFING.COM] The S&P 500 (-0.4%), Nasdaq Composite (-0.2%), and DJIA (-1.1%) remain firmly lower jsut after midday.
Optical stocks are rallying after Verizon (VZ 50.22, +0.08, +0.16%) and Corning (GLW 168.15, +13.85, +8.98%) announced a multi-billion dollar agreement covering more than 80 million miles of high-density optical fiber and connectivity solutions from 2027 through 2032. The deal is being viewed as a positive read-through for the broader optical infrastructure market, highlighting growing fiber demand tied to broadband expansion and AI data-center connectivity. Corning (GLW 168.09, +13.79, +8.94%) and Lumentum (LITE 981.33, +100.08, +11.36%) are posting sizable gains as a result
