Best Buy Co. (BBY) announced Monday morning that its Board of Directors has appointed Hubert Joly as the company's President and Chief Executive Officer and a member of its Board of Directors.
Best Buy gapped open sharply lower Monday and fell further in the final hour of trade. Shares finished down by 2.11 at $19.16. The stock dropped to a 2-week low and slipped beneath its 50-day moving average.
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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.