OPTICAL STOCKS SURGE AS FORECASTER CUTS S&P 500 OUTLOOK
Lumentum and Coherent were the biggest gainers on the S&P 500, according to one market expert, as investors examined the artificial intelligence data-centre supply chain for signs of demand amid concerns over a slowdown in AI spending.
Separately, Ed Yardeni lowered his year-end forecast for the S&P 500 to 7,900, a month after raising it. Yardeni cited increasing risks of a downturn in the US economy over the next three to six months.
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