On October 26, U.S. stocks opened with the Dow Jones up 0.2%, the S&P 500 up 0.25%, and the Nasdaq up 0.28%. Storage stocks saw gains, with SK Hynix rising 1.9%, Micron Technology up 1.2%, and SanDisk up 0.6%. Optical communication stocks opened broadly higher, with Lumentum up 0.94%, Corning up 0.25%, Coherent up 0.43%, Applied Optoelectronics down 0.43%, Ciena up 0.29%, Broadcom up 1.09%, and Mellanox Technologies down 0.43%. Tesla rose 3.3% after Barclays upgraded its rating from hold to overweight. Meta Platforms fell 0.77% as the company plans to raise up to $95 billion through stock issuance to support AI growth.
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U.S. Stocks Open Higher; Storage and Optical Communication Stocks Rally, Tesla Up 3.3%
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