Gainers:
Jefferies Group, Inc. (JEF) is rising over 2 percent to $13.44. The company's second quarter profit and revenues declined from the previous period, but topped Wall Street view.
Oracle Corp. (ORCL) is rising 5 percent to $28.48. The company's fourth quarter profit rose 8 percent from the year-ago quarter. Earnings per share, excluding items, and revenues were above the consensus estimate. The company's board has authorized the repurchase of up to an additional $10 billion of common stock.
Decliners:
Walgreen Co. (WAG) is down more than 1 percent to $31.45. The company's third quarter net earnings and sales declined from the year-ago period. The company also announced that it will invest approximately $6.7 billion in cash and stock in exchange for a 45% equity ownership stake in Alliance Boots GmbH. The company also announced an increase in its quarterly dividend by 22.2 percent.
FedEx Corp. (FDX) is declining more than 2 percent to $86.52. The company's earnings declined from the year-ago quarter and it guided first quarter earnings below Wall Street view. However, the company's adjusted fourth quarter earnings topped consensus estimate.
J.C. Penney Company, Inc. (JCP) is falling nearly 6 percent to $23. The company announced that Michael Francis will be leaving the company. The company said its chief executive Ron Johnson will assume direct responsibility and oversight of marketing and merchandising functions.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.