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Corning Inc Stock Gains 8% Over Deal With Amazon To Boost US Fiber Optics Manufacturing

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

Shares of Corning Incorporated (GLW) are gaining around 8 percent on Monday morning after Amazon (AMZN) announced a multibillion-dollar agreement with the company to supply the optical fiber, cable, and connectivity solutions to the tech giant's expanding data center infrastructure across the United States.

The company's shares are currently trading at $191.94 on the New York Stock Exchange, gaining 8.01 percent in the latest session. The stock opened at $189.38 and touched an intraday high of $192.90. Over the past 12 months, the shares have traded between $49.47 and $211.79.

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Global Economics Weekly Update -June 15 - June 19, 2026

June 19, 2026 16:46 ET
Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.