Moody's Corp. (MCO) and Standard & Poors settled two long-running lawsuits late Friday, which alleged negligent misrepresentation over their activities regarding the Cheyne and Rhinebridge. The cases were dismissed with prejudice.
Moody's gapped up Monday and rose sharply during the first 45 minutes of trade, before settling into a range. The stock finished up by 4.57 at $59.69 on above average volume. Moody's broke out past resistance and set a new high for the year.
S&P is a unit of McGraw-Hill (MHP), which finished with a gain of 1.45 at $53.45. The stock rose to nearly a 3-month high.
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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.