Gainers:
Caterpillar Inc. (CAT) is up 1 percent to $81.17. The company's first quarter profit declined 45 percent and was below Wall Street view. Total sales and revenues fell 17 percent and missed the consensus estimate. The company also slashed its full-year revenue forecast primarily due to mining equipment sales.
Power-One Inc. (PWER) is jumping 56 percent to $6.31 based on the news that ABB Ltd (ABB) has agreed to acquire the company for $6.35 per share in cash.
Halliburton Co. (HAL) is rising 4 percent to $38.70. The company slipped to a loss in its first quarter, yet its earnings per share from continuing operations, excluding charge, topped Wall Street view. Revenues improved and topped the consensus estimate.
Netflix, Inc. (NFLX) is up nearly 3 percent to $168.00 ahead of the release of its quarterly results.
Met-Pro Corp. (MPR) is jumping 47 percent to $14.19. CECO Environmental Corp. (CECE) has agreed to acquire the company in a cash and stock transaction valued at a total of approximately $210 million, or $13.75 per share. CECO expects this transaction to be accretive to earnings per share, margins and cash flow. Trading in shares of CECO was halted.
Decliners:
Philips (PHG) is down 4 percent to $27.21. The company's first quarter profit declined 11 percent from the year-ago quarter, as growth in Consumer Lifestyle sales was more than offset by declines in the Healthcare and Lighting segments. The company also confirmed that it sees a slow first half to 2013, amid adverse market trends, particularly in Europe and the U.S.
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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.