---
title: "Weekly Recap | GLW 2X Long ETF -10.21%, optical names drag"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/301456600.md"
description: "GLW 2X Long ETF fell 10.21% this week to close at $13.46. The S&P 500 rose 1.15% over the same period, so this leveraged Corning ETF trailed the broad market by roughly 11.36 percentage points. The week swung sharply: Monday opened lower and closed at $14.03, Tuesday spiked to $16.10, Wednesday held near $14.75, Thursday broke down to $12.83, and Friday edged back to $13.46. Weekly amplitude reached 23.84%."
datetime: "2026-10-10T04:22:50.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/301456600.md)
  - [en](https://longbridge.com/en/news/301456600.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/301456600.md)
generator: "portal-rs"
---

# Weekly Recap | GLW 2X Long ETF -10.21%, optical names drag

## The Week

GLW 2X Long ETF fell 10.21% this week to close at $13.46. The S&P 500 rose 1.15% over the same period, so this leveraged Corning ETF trailed the broad market by roughly 11.36 percentage points. The week swung sharply: Monday opened lower and closed at $14.03, Tuesday spiked to $16.10, Wednesday held near $14.75, Thursday broke down to $12.83, and Friday edged back to $13.46. Weekly amplitude reached 23.84%.

## Sector News

Optical communications and semiconductor names came under pressure this week. Coherent dropped more than 3% and Lumentum over 2% in pre-market trading on Thursday, while the Philadelphia Semiconductor Index fell more than 3% on Friday with SanDisk down about 5%. Citi noted AI capex is still expanding, though profit outlooks are diverging. On Corning itself, the company declared a $0.28 quarterly dividend and Bernstein reaffirmed a hold rating. CapWealth Advisors LLC trimmed its Corning position. Materials names rose as the dollar slipped, but optical-communications-related stocks stayed weak.

## The Week Ahead

The main focus next week is US CPI and core CPI on Wednesday, 14 October. Markets expect the monthly core figure to ease, while the headline year-on-year number may tick higher. Inflation prints will shape views on the rate path and growth-stock valuations. Also on Tuesday, 13 October, come NFIB small-business sentiment and existing-home sales. For a 2x leveraged ETF, any swing in Corning shares is amplified, so volatility around these macro releases bears watching.

## In Short

This leveraged ETF fell while the broad market rose, with optical communications and semis the main drag. Corning still has a steady dividend and a hold rating from brokers, but position trimming and sector rotation pressure sit alongside that. Part of the earlier leveraged rally was given back this week, with the price back near its 20-day moving average. The next test is whether inflation data and the optical segment can stabilise; that will shape how fast the move unwinds or resumes.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**