Cognex Jumps 35.9%, Tops Russell 1000 While Nasdaq Falls 1.7%
Cognex Corporation shares jumped 35.9%, topping Russell 1000 gainers on Thursday as Cisco's cautious margin outlook sent tech stocks lower, pushing the Nasdaq 100 down 1.7% and the VIX up 16%. The 35.9% gain outpaced the 2.4% Russell 2000 slump and defied a 1.2% S&P 500 drop.
1. Cognex Tops Russell 1000 Gainers with 35.9% Rally
Cognex Corporation shares surged 35.9% on Thursday, leading all Russell 1000 stocks after a broad selloff in the tech sector was triggered by Cisco Systems’ cautious margin outlook. The rally outpaced the 2.4% drop in the Russell 2000 and contradicted a 1.2% slump in the S&P 500, while the Nasdaq 100 fell 1.7% and the VIX spiked 16% as investors rotated out of software and hardware equities.
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