This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Cadence Design Systems Inc. jumped 10.5% to $414.16 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.3% to 7,599.96 and the Dow Jones Industrial Average rising 0.1% to 51,078.88.

This was the stock's second consecutive day of gains.

Cadence Design Systems Inc. hit a new 52-week high, surpassing its previous peak of $383.80, which the company achieved on May 27th.

The stock outperformed some of its peers, as Fortinet Inc. rose 6.6% to $147.14, Synopsys Inc. rose 3.5% to $492.29, and Palo Alto Networks Inc. rose 6.67% to $300.48.

Trading volume totaled 4.4 million, compared to the 50-day average of 2.3 million.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

June 01, 2026 16:33 ET (20:33 GMT)

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