Stock Market Update
03-Sep-26 14:00 ET
Ciena lower after earnings
Dow +627.21
at 53689.16,
Nasdaq +396.59
at 26635.47,
S&P +85.16
at 7751.76
[BRIEFING.COM] Stocks remain firmly higher in the afternoon hours, with the major averages holding near session highs.
Ciena (CIEN 320.79, -33.37, -9.42%) is a notable exception to today's strength, trading sharply lower despite another strong earnings beat this morning, continuing a recent pattern in which shares have sold off following better-than-expected results and upside guidance. Today's weakness appears more reflective of elevated expectations and valuation following Ciena's strong run; however, today's report does not suggest any deterioration in fundamentals or underlying demand.
