China Renaissance Initiates Coverage On Corning with Buy Rating, Announces Price Target of $238

Stock Market Today, Sept. 8: Stocks Slide Amid Surging Oil Prices, Persistent Geopolotical Tenisons

Major stock indices declined on September 8, 2026, as rising crude oil prices approaching $100/barrel and geopolitical tensions weighed on markets. The Dow fell 1.18%, S&P 500 dropped 0.58%, and Nasdaq declined 0.31%. Notable movers included Intel gaining 9% on pricing plans, Corning rising 7% on a Verizon fiber deal, while Amgen and Novartis fell sharply following a drug trial setback. Qualcomm signed a major AI chip deal with Amazon worth up to $60 billion.

Why Is Lumentum Stock Surging on Tuesday?

Lumentum Holdings Inc (NASDAQ: LITE) stock gains Tuesday following a major optical fiber supply deal between Corning and Verizon Communications.

Why Is Applied Optoelectronics Stock Surging Tuesday?

Applied Optoelectronics (AAOI) stock surged over 9% after Corning and Verizon's major optical fiber deal boosted the sector.

Corning shares are trading higher after the company announced a multi-billion dollar agreement with Verizon for 80M+ miles of high-density optical fiber and connectivity solutions from 2027 to 2032.