Applied Opt is trading at $178.95 (+5.86%) in pre-market following a broad risk-on move across U.S. equities and technology shares.
- Market sentiment is bolstered by a strong macro backdrop, with S&P 500 futures rising 1.24% and Nasdaq futures gaining 2.01%.
- The positive tone is supported by easing geopolitical tensions and a decline in oil prices.
- No company-specific news was identified for the move, suggesting the price action is driven by wider market trends.