The S&P 500 Index staged a strong comeback, turning positive for 2026 on Monday and recovering all losses from the U.S.-Iran war.
After weeks of volatility, investors are looking for some stability in the stock market. Despite elevated tensions in the Middle East, Wall Street remains hopeful that the conflict will not derail the broader economy, with sentiment buoyed by expectations of a potential diplomatic resolution, according to a report from PBS News.
SPDR S&P 500 ETF Trust (NYSE:SPY), the oldest ETF and tracker of the S&P 500 Index, mirrored the rebound. With $685.5 billion in assets under management, the fund trades an average of more than 92 million shares daily and has an expense ratio of 0.09%.
While most stocks in the fund’s portfolio have gained sharply, the following five have led the gains.
| Stocks | YTD Gains | % of Assets in SPY Portfolio |
| SanDisk Corp | 301.2% | 0.2% |
| Lumentum Holdings | 136.3% | 0.1% |
| Ciena Corp | 105.2% | 0.1% |
| Western Digital Corp | 103.3% | 0.2% |
| Corning Inc | 100.1% | 0.2% |
SanDisk Corp. (NASDAQ:SNDK)
SanDisk stock has surged on strong NAND flash prices and booming demand from AI data centers. Its inclusion in Nasdaq 100 and Wall Street’s bullish sentiment boosted investor confidence in the company’s future growth.
Benzinga Edge Stock Rankings indicate that SNDK maintains strong trends in the short, medium and long terms, with a strong Momentum score in 100th percentile.
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