Optical communication stocks rallied in overnight trading. Applied Optoelectronics and Lumentum rose 3%; Ciena and Coherent rose 2%; Fabrinet and Corning rose 1%.
Space stocks and funds rallied in overnight trading. Sidus Space and Momentus rose 3%; Destiny Tech100, AST SpaceMobile, Procure Space ETF, Rocket Lab, and EchoStar rose 2%; Planet Labs rose 1%.
Fundrise Innovation Fund shares sank another 13.3% in overnight trading. Shares of the Fundrise Innovation Fund sharply reversed course Thursday, falling by a third as Citron Research revealed it was shorting the stock in the newly public venture capital investment vehicle.
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