30/09/2026
Corning shares rose 4.8% to US$158.88 on Tuesday after announcing a multiyear fiber and cable agreement with AT&T worth more than US$3 billion. Corning will manufacture the cables in U.S. factories, while AT&T technicians will handle installation.
The deal will support AT&T’s planned expansion of high-speed fiber coverage to 60 million Americans by the end of 2030.
The companies cited increasing data usage and demand linked to AI as reasons for expanding fiber infrastructure.
Bloom Energy shares rose sharply Tuesday as Jefferies raised its price target to US$264 from US$229 while maintaining a Hold rating.
Analyst Julien Dumoulin-Smith cited Bloom’s US$25 billion Brookfield financing arrangement, a US$2.65 billion AEP order and expected installed capacity of 2GW by year-end.
The analyst also highlighted permitting delays affecting Bloom’s Jupiter and Vineland projects. He said the issues involve air, water, gas and local approvals, while revenue remains concentrated among a limited number of projects.
The 30-year Treasury yield increased for a sixth consecutive day, rising above 5.61% on September 29.
The move came as inflation concerns and heavy corporate debt issuance added pressure to global bond markets.
The 10-year Treasury yield remained near 5.25%, while the 2-year yield eased to about 4.89% after New York Fed President John Williams said another rate increase could be appropriate later this year.