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Lumentum Shares Jump More Than 7% as Optical Stocks Rise

Coherent gained more than 5% as the Dow, Nasdaq Composite and S&P 500 opened higher Friday.

Fiber-optic cables beside an optical communications module / TokenPost.ai
Fiber-optic cables beside an optical communications module / TokenPost.ai

Lumentum shares rose more than 7% at the U.S. market open Friday, while Coherent gained more than 5% as optical communications stocks rose.

At 9:31 a.m. ET (13:31 UTC), the Dow Jones Industrial Average was up 0.15%, the Nasdaq Composite had gained 0.55% and the S&P 500 was 0.28% higher.

The three major U.S. stock indexes opened higher as optical communications shares also advanced.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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