Huo Xing Finance reports that on July 22, according to BIT (bit.com) market data, all stocks in the U.S. optical communications sector rose, with the pure-play photonics ETF FOTO up over 9%, Coherent up over 11%, Lumentum up over 9%, Ciena up nearly 8%, Marvell and Corning up over 6%, and Credo up over 5%.
U.S. equity optical communication sector surges, FOTO ETF rises over 9%
MarsBitShare
Summary
On July 22, ETF inflows boosted the U.S. optical communication sector, with the Pure Photonics ETF (FOTO) rising over 9%. Coherent climbed more than 11%, Lumentum over 9%, Ciena nearly 8%, Marvell Technology and Corning over 6%, and Credo over 5%. The broad sector rally coincided with ETF inflows, signaling strong investor interest. No ETF outflows were reported in the sector.
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