Shares of Corning Inc. GLW rallied 3.39% to $45.48 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 1.44% to 4,077.91 and the Dow Jones Industrial Average DJIA rising 1.13% to 33,527.19. This was the stock's second consecutive day of gains. Corning Inc. hit a new 52-week high, surpassing its previous peak of $44.12, which the company reached on March 29th.
The stock outperformed some of its competitors Monday, as Thermo Fisher Scientific Inc. TMO rose 1.99% to $465.39, 3M Co. MMM rose 1.18% to $194.97, and TE Connectivity Ltd. TEL rose 1.51% to $132.77. Trading volume (5.5 M) eclipsed its 50-day average volume of 5.1 M.