Cognizant Technology Solutions (CTSH) gapped open sharply higher Friday and climbed during the first half hour of trade, before settling into a range. The stock was range-bound for the remainder of the day and closed up by 3.42 at $78.47 on above average volume.
Cognizant Technology Solutions rose past the upper end of a week and a half long range Friday and set a new high for the year. The stock rose sharply after its competitor, Infosys (INFY), increased its full year revenue forecast.
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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.