US Opening Bell | Stocks open higher; Coherent surges 7%; Chip stocks advance

US Opening Bell

2 hours ago

Market

October 9, U.S. stocks opened on a firmer footing as the Dow Jones added 0.15%, the S&P 500 climbed 0.27% and the Nasdaq rallied 0.50%. Softer Treasury yields and optimism ahead of the coming earnings season underpinned risk appetite, with investors rotating back into growth and technology names at the bell.

Applied Optoelectronics jumped 8.0% after extending a recent fiber-optic rebound, while Coherent surged 7.0% on continued momentum in laser demand. Lumentum climbed 6.3% as traders cited favorable outlook comments, Direxion Daily TSLA Bull 2X Shares rallied 4.4% alongside strength in Tesla Motors, which gained 2.3% on upbeat delivery expectations. Direxion Daily Semiconductors Bull 3x Shares rose 3.1% as chip stocks marched higher, whereas Apple fell 2.3% amid profit-taking following a multi-week run-up.

Elsewhere, MOGU Inc. leapt 5.6%, Li Auto advanced 5.4% on robust EV sales chatter, Kingsoft Cloud added 4.6%, XPeng Inc. rose 4.3% and Yum China Holdings gained 3.9% as consumer reopening plays drew buying interest.

News

No major U.S. market-moving headlines were available at the time of publication. Traders remained focused on upcoming economic releases and corporate earnings for further direction.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Softer Treasury yields and optimism ahead of the coming earnings season underpinned risk appetite, with investors rotating back into growth and technology names at the bell.</p><p>Applied Optoelectronics jumped 8.0% after extending a recent fiber-optic rebound, while Coherent surged 7.0% on continued momentum in laser demand. Lumentum climbed 6.3% as traders cited favorable outlook comments, Direxion Daily TSLA Bull 2X Shares rallied 4.4% alongside strength in Tesla Motors, which gained 2.3% on upbeat delivery expectations. 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Softer Treasury yields and optimism ahead of the coming earnings season underpinned risk appetite, with investors rotating back into growth and technology names at the bell.</p><p>Applied Optoelectronics jumped 8.0% after extending a recent fiber-optic rebound, while Coherent surged 7.0% on continued momentum in laser demand. Lumentum climbed 6.3% as traders cited favorable outlook comments, Direxion Daily TSLA Bull 2X Shares rallied 4.4% alongside strength in Tesla Motors, which gained 2.3% on upbeat delivery expectations. 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Softer Treasury yields and optimism ahead of the coming earnings season underpinned risk appetite, with investors rotating back into growth and technology names at the bell.Applied Optoelectronics jumped 8.0% after extending a recent fiber-optic rebound, while Coherent surged 7.0% on continued momentum in laser demand. Lumentum climbed 6.3% as traders cited favorable outlook comments, Direxion Daily TSLA Bull 2X Shares rallied 4.4% alongside strength in Tesla Motors, which gained 2.3% on upbeat delivery expectations. Direxion Daily Semiconductors Bull 3x Shares rose 3.1% as chip stocks marched higher, whereas Apple fell 2.3% amid profit-taking following a multi-week run-up.Elsewhere, MOGU Inc. leapt 5.6%, Li Auto advanced 5.4% on robust EV sales chatter, Kingsoft Cloud added 4.6%, XPeng Inc. rose 4.3% and Yum China Holdings gained 3.9% as consumer reopening plays drew buying interest.NewsNo major U.S. market-moving headlines were available at the time of publication. 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