Gainers:
Nokia Corp. (NOK) is up more than 2 percent to $2.41, signaling that it may recoup some of its yesterday's losses. Moody's has downgraded the long-term senior unsecured ratings of Nokia to Ba1 from Baa3 and its short-term senior unsecured ratings to Not-Prime from Prime-3. Moody's noted that this rating action reflects its view that Nokia's far-reaching restructuring plan delineates a scale of earnings pressure and cash consumption that is larger than it had previously assumed.
Microsoft Corp. (MSFT) is up 0.27 percent to $29.42. The company has reportedly agreed to buy business software firm Yammer Inc. for $1.2 billion. Yammer, which was started in September 2008, creates private social networks inside companies.
Decliners:
Starbucks Corp. (SBUX) is down 0.60 percent to $52.02.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.