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Here's Why Infinera's Shares Popped Today

TheMotleyFool

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Here's Why Infinera's Shares Popped TodayPhoto, wide shot, wide-angle lens, Clothing manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.midjourneyapi.xyz/temp/7d69264d-49b2-466c-9987-b2706836d522.png

Shares of Infinera Corp. (NASDAQ: INFN) were rising today after economic data was published showing that retail sales rose in May. Shares of Infinera were up as much as 15.6% before the afternoon.

As of 11:48 a.m. EDT, the company's stock was up 13.9%.

Stocks were rising on Tuesday after the Commerce Department said that retail sales rose by 17.7% in May. Consumers opened their wallets back up in May compared to April, when many businesses were still shut down and retail sales were down 14.7%.

Source Fool.com

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