On September 18, Lumentum rose 3.05% in pre-market trading, trading at $920.58/share, with turnover of $12.7157 million. The stock had pulled back approximately 3% during the prior regular session as Fed rate hike pressures weighed on high-valuation growth names, but momentum has since reversed sharply.

On the news front, all three major US indices opened collectively higher, with the Dow up 0.81%, S&P 500 up 1.19%, and Nasdaq up 1.55%, as heavyweight tech stocks including NVIDIA, Amazon, and Tesla surged over 2%. The broad-based tech rebound extended strength into the optical communication sector. Lumentum had previously led the S&P 500 with a 9.6% gain on September 17, when the Fed raised rates by 25 basis points, as the stock rebounded from a heavy selloff triggered by AI infrastructure spending slowdown concerns. Analysts noted that the rally reflected a recovery from oversold conditions after fears of decelerating AI model development. Sector peers including Coherent, Corning, and Marvell Technology also moved higher in pre-market trading, signaling continued sector-wide momentum recovery.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)